Bear Flag in down-trending markets
Just one example but a powerful graphic showing that a stock can have a quick & large move up, following a big pullback.
But notice the longer term trend & 200d ma.
It dropped another 82% after the 100% bounce.
Watch for these in this market
It's a common pattern in a bear marker.
I don't know if we're headed towards a bear market but I do know this:
Watch for this bear flag pattern across many names.
If they fail, watch out!
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