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The right side of Eiffel tower patterns can be a little bit painful if you are bullish! Gold is down near $100 today, most likely continuing to feel the impact of its Eiffel tower pattern that peaked in August of 2011.

Don’t overlook that some key index’s and sectors look to have created the same patterns and that these patterns are NOT about short term breakdowns and shallow support levels!

 

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past