This broadening wedge has finally topped with a very strong rejection at the fill of the original ATH impulse. These are distribution patterns and could be forming one of the largest topping patterns yet seen. We had an extremely steep trend line that was shattered today with a gap down. This is likely the beginning of the long anticipated bear market.
Topped Feb, We had our first impulse down to march lows, followed by our first bear market rally. This marks the last strength left in these markets.
Selling will likely remain impulsive. Who knows how far down we will go before this is all over.
Good luck
Topped Feb, We had our first impulse down to march lows, followed by our first bear market rally. This marks the last strength left in these markets.
Selling will likely remain impulsive. Who knows how far down we will go before this is all over.
Good luck
