JAWS Pattern Now on the Markets (false break signal)

Pay close attention to this jaws pattern now on the markets (false break signal). A major market index that is largely ignored by people today is showing a very important pattern and a potential "false breakout" signal. The chart of XMI or the "NYSE ARCA Major Market Index" can sometimes provide important clues for the major stock markets. Recently we saw XMI break below a support level (of the "jaws of life" pattern) and then quickly bounce back above it (as we had anticipated back in February). What could this mean? We look at the charts. Video by Alessio Rastani.



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