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!
by Nelson says Ha Ha! May 9, 2021