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>>> "I did pick one, since it broke uptrend support, it made more sence to me to show the bearish pattern rather than a bullish one."

Really? When trendlines are broken, the result is consolidation (sideways movement) more often than immediate reversal. Consolidation resolves itself more often in continuation of the trend that preceded it than in reversal. Seems to me that as long as we are moving sideways in a range, and in fact the longer we move sideways, a presumption of upward resolution makes more sense...

--Derek


See, I'm learning all the time. I thought that when the trendline was broke, it was an indication that the trend has weakend - not confirmed continuation of the trend.

The chart I posted never said anything about "immediate reversal", what I did suggest was that the change of trend may be gradual rather than abrupt.

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