(Click On Chart To Enlarge)
From October 21: "In Chart #3, by the way, note how the SPX came back and retested the breakout TWICE (see arrows). That's called a Trendline Validation, and also is called a DOUBLE successful retest of the pattern breakout. Those are very, very nice ;)
UPDATE: In the Hourly Chart, we got the reverse of that. We got a breakdown, a failed retest of the bottom of the triangle at this morning's high (see arrow), then a continuation to the downside, taking out the morning low.
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