ascending megaphone
Updated
This pattern is considered a bearish pattern but wildly bullish while within the pattern because of the incline. Eventually, this pattern will break but we could see a spike before that happens. Most broadening patterns end at #6 with a big bounce and abrupt crash. My count may be off and perhaps we haven't even reached a #5 yet. That would indicate more strength ahead but the overall picture of this is... massive correction likely over the next few years. Red arrow is my 80% likely forecast but does green arrow play out first? I think it could..but again, this pattern usually doesn't end well once complete!
Note
pink lines show a diamond top looking pattern and price broke above it.. it's either a clever fakeout or it's about to move up strong.. but I'm not bullish on Google from here. We're at all-time highs with historically low volume... it's a recipe for the perfect crash. Note
volume dried up Note
anything could happen... careful Note
let me rephrase what I said back on Feb 14.. YES, it did happen. Look at my purple fractal
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