This could be a penant, with a resumption of trend line (what everyone expects). But it could also be a falling wedge. Here is Bulkowskian falling wedge playing out:
16K+ on opening day of the CME, 12/10
trend reversing late today here in California (8:30pm)
per Bulkowski, thepatternsite.com/fallwedge.html
Not trading advice!
16K+ on opening day of the CME, 12/10
trend reversing late today here in California (8:30pm)
per Bulkowski, thepatternsite.com/fallwedge.html
Not trading advice!