SPY - RIGHT ANGLED BROADENING WEDGE- WILD THEORY - BIG BULL RUN?
All,
Yes, given the nature of the world this is a stretch, however throw away news and say its priced in. Follow me, right angled or any broadening descending wedge usually bullish aka oversold yadda yadda. One of the most powerful patterns out there by a long shot. Anyways of course they have large dips similar to what we see now.
Why this pattern? Notice pattern current (wedge bullish angled) -> next pattern (wedge/falling wedge) extremely bullish patten (only if both wedges hold/break then are powerful). So when you combine these + trend that is what makes a bullish descn wedge possible. because it goes half way up drops down but holds onto a strong trend and takes it the rest of the way.
Just follow this and lets see what happens I think most big stocks are way way over sold 30-60% retraced. I think this makes a ton of sense to make a bull run here and then I think most likely fail and break trend.
Once again just noticing the patterns/theory. 1000000% be careful but worth watching.
Yes, given the nature of the world this is a stretch, however throw away news and say its priced in. Follow me, right angled or any broadening descending wedge usually bullish aka oversold yadda yadda. One of the most powerful patterns out there by a long shot. Anyways of course they have large dips similar to what we see now.
Why this pattern? Notice pattern current (wedge bullish angled) -> next pattern (wedge/falling wedge) extremely bullish patten (only if both wedges hold/break then are powerful). So when you combine these + trend that is what makes a bullish descn wedge possible. because it goes half way up drops down but holds onto a strong trend and takes it the rest of the way.
Just follow this and lets see what happens I think most big stocks are way way over sold 30-60% retraced. I think this makes a ton of sense to make a bull run here and then I think most likely fail and break trend.
Once again just noticing the patterns/theory. 1000000% be careful but worth watching.