Hi!
So the target point of a megaphone pattern AKA a broadening wedge pattern, is 60% of the pivot length on a bullish breakout.
As shown in the chart, that point has been reached.
People keep saying yes but we are in a leading diagonal, but IMO we cant say that. leading diagonals are extremely rare. i think the time of tanking is upon us. and maybe sooner then we expect.
So the target point of a megaphone pattern AKA a broadening wedge pattern, is 60% of the pivot length on a bullish breakout.
As shown in the chart, that point has been reached.
People keep saying yes but we are in a leading diagonal, but IMO we cant say that. leading diagonals are extremely rare. i think the time of tanking is upon us. and maybe sooner then we expect.