HEIKIN-ASHI. TRENDS MADE SIMPLE.

The Pan Flute Pattern $SPX $SPY $QQQ $DJIA

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The pattern is valid only on heikin-ashi charts and is associated with a very tight coil.

Like any other pattern it requires a confirmation although haDelta (the canary in the mine shaft) points to a bullish development.

Same pattern appears on $DJIA and $QQQ daily charts.

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