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TFC Commodity Trading Forum

Re: covfefe... *PIC*
In Response To: Re: covfefe... *PIC* ()

daily chart...the price bounced and came back to the bottom of the black uptrend line...I call these a bow tie pattern. Most of the time I look for this to be a test of the trendline that will results in a turn back down. Doesn't always come to fruition but it's something to be aware of. If price climbs back on top of the trendline...no dice.

Time will tell.