Bearish pattern on TSX Composite (and S&P 500 and DJIA)

TSX:TSX   S&P/TSX Composite Index
321 0
The same bearish pattern is playing out on the TSX, S&P 500 and DJIA.

When there is a very sharp selloff it is typically followed by a pullback to the upside and then another leg down.

That second leg down sometimes stalls at the prior low, but can also scream right through it.

The pattern only looks at the first two legs down. If the price makes a lower low, then potentially a full reversal is in play which would mean more legs to the downside.
For more details on this particular pattern, see this article:
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out