Here’s Why You Should Pay Attention To A Pattern Failure
A pattern failure is a
trading pattern, and it can be very powerful. If a stock is not
giving you the result what you are looking for, it is obvious that the opposing
force is winning the battle.
10:01:52
Bed Bath & Beyond (BBBY) is forming a bull flag on its 3-minute chart.
BBBY is up 10 cents at 37.57.
Following a bullish wide range bar, BBBY formed a bull flag on the 3-minute
chart. But, the issue did not deliver the outcome buyers wanted to see. It broke
down below its 20-period EMA and its support level.Â
Don’t get discouraged! A pattern failure is a
trading pattern.