When you see the left side of an Eiffel tower pattern, often times you end up seeing the right side too!
I first discussed these patterns in August of 2011 and shared the 4-pack below (see Eiffel tower/crowded trade post here)
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If you own the left side of the Eiffel tower pattern, all is fun, if you own it during the right side…well it speaks for itself.
Odds are EXTREMELY LOW this is an Eiffel tower pattern below, yet the impact would be large if it is!
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Remember.…”its not the odds of something happening that is important, its the impact if it does!”
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Correct read on the “Tongue” Eric
Chris,
Am I missing something or are your comments about the odds of this chart NOT being an Eiffel tower pattern low, “tongue in cheek”? Please clarify.
Thank you!
Hi Chris,
Why do you say that AAPL has not achieve a tower yet? What are your justifications?
Danny
See the following charts from Peter Brandt:
http://peterlbrandt.com/the-top-in-aapl-jesse-livermore-called-from-his-grave-on-march-27/
http://peterlbrandt.com/the-apple-aapl-is-falling-from-the-tree/
Interesting comparison.