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On 1/27 I shared the 2-pack above on Stocktwits (see post here) These charts are the same stock using different scales. Log Scale on the left and Linear on the right. Regardless of which scale used, a potential Eiffel tower pattern looked to be in play and support was breaking in 3D systems (DDD)
With Eiffel tower patterns…if you experience the left side of the tower, you can experience the right side too! Eiffel tower patterns can get a little frustrating if this happens….Support breaks on the ride side of the Eiffel tower and you are long.
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I shared the above 4-pack in August of 2011 when Gold looked to be making an Eiffel pattern at $1,900 per ounce. (see post here) , reflecting Eiffel tower patterns in a variety of assets have taken place over the years and often the right side declines to where the left side of the tower started….in other words, the majority of the gains ended up being wiped out!
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