Bear flag complete followed by bearish pennant
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The chart speaks for itself. This is back to back bearish patterns forming.
Nota
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.
Penafian
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