That pattern could be waves 1, 2 and beginning of 3 down. A
megaphone pattern is rarely a continuation pattern, as I far as I
recall from Tom Bulkowski's encyclopedia of chart patterns.
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That pattern could be waves
SPX 10 Updated View
Posted by junkie on 9th of Mar 2023 at 03:51 pm
That pattern could be waves 1, 2 and beginning of 3 down. A megaphone pattern is rarely a continuation pattern, as I far as I recall from Tom Bulkowski's encyclopedia of chart patterns.