It could still fail to materialize. Everything is possible when trading, including patterns than never confirm (breakout or breakdown) and patterns that fail before they are completed.
REYN
is a good example. This was one of my top watch list stock. i posted about the double pattern developing inside of each other few days back(chart below). Earnings came out today and had something else in mind. The stock could still drop into a trading range transforming current chart pattern into a rectangle chart pattern. But for now, current inverse head and shoulder and ascending triangle patterns are both broken.
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