There are many different continuation and reversal patterns to look out for when reading the stock charts. The electric chair pattern was best demonstrated on Saturday May 8th at
11:25pm and at
11:45pm est, when Dogecoin had a
slow rise to .70 and sharp
mass sell-off to .63, and disillusioned and irrational buyers kept buying the joke meme coin raising it back to .65, causing a chart pattern that mirrored the electric chair on the candle chart. The electric chair pattern subsequently repeated into May 9th at 12:14am, when the same event caused the joke coin to drop to .
47. Not to be confused with the Double
Death Slide pattern, demonstrated when failing brick and mortar company gamestop (GME) went from $347, then to $193, then back to $325 before sharply dropping to $90 between January 27th and February 2nd.
Electric Chair Pattern (
Doge/Crypto/Stocks): MAJOR
WOW! Did you see how dogecoin incels zoomers got owned during SNL when Elon Musk lowkey clowned them, and smart
people sold all their dogecoin? It was a text book electric chair pattern, because they got executed!