Just one man's view but I think the megaphone pattern has been
invalidated because SPX has been out of that pattern for 5 weeks.
That pattern was clearer on a weekly chart. You can
see how the upper trendline was resistance and became support.
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Just one man's view but
ES futures
Posted by z0ned on 29th of Jan 2021 at 07:51 am
Just one man's view but I think the megaphone pattern has been invalidated because SPX has been out of that pattern for 5 weeks. That pattern was clearer on a weekly chart. You can see how the upper trendline was resistance and became support.