looks less like a flag and more like a down channel Earnings might be a drag cause people aren't stocking up on groceries much now
zblumstein
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are you sure about this? I feel like people's home cooking habits have subsided I was looking at grocery sales on Think or Swim and they are lower than March.
@zblumstein, It has not reached Long entry level yet anyway. Patterns like this are not valid unless level is reached. And yes, if they miss earnings, this can become a channel down. Less than 3 weeks, it is a flag..but not an exact science by no means