I smell a RAT

The Megaphone pattern via Trending 1-2-3

An example that I see from the weekend review is with FMC (FMC Corp):

A similar pattern that I am seeing – formed in a large number of stock charts that I reviewed this weekend – is the Reverse Ascending Triangle (RAT).

Here is one example:

Keep an eye on stocks with this pattern as B/O moves may be low probability trades.

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