I put forth the theory that failed patterns' targets are revisited. In April 2019 a rising wedge formed with a target at 3.9k. The wedge broke up and price never reached that target. But last march price touched that wedge target exactly.
The 2019 bottom was the target of a 2017 rising wedge that broke up in the bullrun with a fakeout.
In October 2019 price action formed a perfect heads and shoulders that fakedout, creating a very large bear trap. Price action touched the the H&S target in November.
in March 2020, price action created a rising wedge that broke up. I propose that that price will touch the wedge target of 5.1K in the future.
The 2019 bottom was the target of a 2017 rising wedge that broke up in the bullrun with a fakeout.
In October 2019 price action formed a perfect heads and shoulders that fakedout, creating a very large bear trap. Price action touched the the H&S target in November.
in March 2020, price action created a rising wedge that broke up. I propose that that price will touch the wedge target of 5.1K in the future.
