- Two Alternate Ascending Broadening Wedge Formations Drawn with decline leading into bullish Falling Wedge formation. - Breakouts downward of ABW at ~10400 or ~9800. - Per Bulkowski, average decline of Ascending Broadening Wedge is 17% - Targets ~8640 and ~8140, respectively.
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Ascending Wedge touches marked as 1, 2, 3 on upward slope, and 1, 2, (3a or 3b), and (4a or 4b) on downward slope.
Falling Wedge touches marked as 1, 2, 3, 4, 5.
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Pink 3a and 3b correspond to the downward breakout and buy target in pink.
Purple 4a and 4b correspond to the downward breakout and buy target in purple.
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Date range for this bottom target would be August 1 to August 9.
Trade closed manually
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Posted update charts, see profile. Clearly not revisiting 8ks.