Alternate Bat/BearishStocks with a lot of gains can fall prey to profit taking when the selling gets goin.
Cost has been hanging in there for a long time.
Are stocks with the most gains destined to lose the most if a severe downturn were to happen?
I do not know, but I suppose stocks with the most gains have the most buyers inside them.
Buyers can become sellers, so it remains to be seen.
There are a few Rising Wedges under price that are not valid until the bottom trendline is broken.
COST's most recent leg hit the high in an almost identical candle pattern, as the high before the double top with the question mark on it.
No telling with this one.
Also a crooked W. If this leg, the 4th leg, is complete, price would have landed at the 1.113 of XA. Valley 2 is higher than valley 1.
No recommendation.
This may be a long and drawn out ride.
