A reversal pattern. During the course of an uptrend as defined by successively higher tops and higher bottoms, the last bottom is violated thus prices fall below the last bottom signaling a reversal to the downside. This is a non-failure swing to go short. On the other hand, in the course of a downtrend, as defined by successively lower tops and lower bottoms, the last top is breached thus prices rally above the last top signaling a reversal to the upside. This is a non-failure swing to go long.
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