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arcarays

Falling Channel on Channel

MongoDB, Inc. (BATS:MDB)  
arcarays  
BATS:MDB   MongoDB, Inc.
Chart Patterns Technical Indicators
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chartpattern indicator
MDB is an Excellent example of falling channel, or bear channel
A channel on a channel.
Cool chart formation/
It is trending lower but when the downtrend resistance line breaks, that is a friendly or bullish sign.
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