TradingView
platinumhandz
Jul 16, 2022 5:33 AM

Bear flag complete followed by bearish pennant Short

Airbnb, Inc.NASDAQ

Description

The chart speaks for itself. This is back to back bearish patterns forming.

Comment

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.
Comments
platinumhandz
Granted that ascending triangle indicated a huge move. I just got the direction wrong bassed on my bias.
dferrari88
Good call. The exact opposite happened.
More