HUI Morphology
Remember we had this triangle and whichever way it broke was THE move.
Well Mr market said no to that idea…too obvious I guess.
The original Triangle broke out BOTH ways and now price is right back at the apex
Rambus teaches that when a good pattern breaks out but falters…time to redraw the lines…This is called a Morphed pattern.
New triangle to follow is the dotted red .
I noticed a several weeks back that the log chart for the HUI was a hot mess but the arithmetic chart was much more readable.