Would you SELL or BUY this chart?
Been active on Twitter and for my readers about some cycles hitting and square outs occurring and, well, blah blah blah. So as any technician is EXPECTED to do when the PATTERN has failed pretty dramatically, I hit “erase all” and went back to work. Asked myself … so, if the PATTERN SELL has failed then would you BUY it? In order to answer that question I inverted my chart and simply said – would I BUY this chart in it’s inverted state?