Ending diagonal heralds the beginning of a prolonged bear market

An ending diagonal starting from March 2020 is seen on the chart for ILLUMINA. This pattern usually signals exhaustion at the end of a bull cycle and the start of a bear market. As seen on the log scale (monthly or weekly), ILLUMINA has been slowly losing momentum for the past decade. Although it may be too early to call this, all long term investors of ILLUMINA must take this into account and should consider the ramifications of holding for the imminent future.

Comment:

my condolences to all ILMN investors