(Click On Charts To Enlarge)
The Three Bears showed up in mid-May, and the last of The Three Bears targets, 19.05, got MADE in yesterday's trading, so that particular story is finished.
As trading unfolded, The Bearish Rising Wedge "morphed," or changed into a Bearish H&S Top, seen more clearly in Chart #2, so we had The Three Bears...Plus One ;)
The H&S Top target of 19.74 got MADE at the open yesterday, on the way down to the 19.05 target. Often when there are multiple chart patterns like this, the move can be very dramatic in terms of percentage move, and swift in terms of time, as this move down was. From mid-May when Bear #3 (The Bear Flag in blue) broke, the smackdown was roughly 40% in about six weeks time.
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