The bearish two black gapping in the NASDAQ weekly chart.
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When you are looking for a long-term outlook, it is better to check the weekly chart..! Any pattern in the weekly chart could have more value in long-term interpretation. The bearish two black gapping The bearish two black gapping continuation pattern appears after a notable top in an uptrend, with a gap down that yields two black bars posting lower lows. This pattern predicts that the decline will continue to even lower lows, perhaps triggering a broader-scale downtrend. According to Bulkowski, this pattern predicts lower prices with a 68% accuracy rate.(Investopedia) This is my last Nasdaq chart.