Bear flag complete followed by bearish pennant

16 ביולי 2022

The chart speaks for itself. This is back to back bearish patterns forming.

4 באוג׳ 2022

הערה

My bearish macro-bias led me to believe the consolidation would lead to further downside. However, this was a classic case of a triangle consolidation that was on an uptrend that eventually broke out. What was virtually guaranteed was that a big move was forming. I just got the direction wrong.