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What i am seeing, potential megaphone formation which would be...

  1. 1,811 Posts.
    What i am seeing, potential megaphone formation which would be bearish. Two days now where the sp has attempted to move higher, but is still subject to selling pressure.

    Alot of converging trendlines which suggest a breakout could be on the cards - expecting to the downside given most of the converging trends are down. Some strong resistance up ahead.


 
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