What if a Stock Fails in its Third Base and Then Forms a Healthy Base?

A late-stage (third or fourth) base can work, but the odds are against it. The primary issue with late-stage bases is that they are much more obvious. And the obvious does not work in the stock market. Normally, a late-stage base is wider and looser than previous bases. The primary issue with a late stage base is that they are much more obvious. And the obvious does not work in the stock market. So, even if a late-stage base is perfect in its shape, it is still riskier than a first-or second-stage base.

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