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Bixley
Oct 14, 2022 11:58 PM

CNMD - Ascending Megaphone Continuation 

CONMED CorporationNYSE

Description

A continuation idea for CNMD showing an Ascending Megaphone or an Ascending Broadening Wedge
Price will either bounce strongly off this lower trend line or breakdown further and destroy the megaphone structure
I like to favour continuation of the structure although
Bars pattern placed is just an example of how I think price will act

Daily timeframe

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