Provident Financial Busted Chart Pattern

In this case, the busted descending triangle is a good thing - it's not always about doom.  Yet.   The breakdown in early June is what is normally expected in this pattern, however, the breakout above the triangle earlier this month is what makes the busted chart.  Price will usually advance significantly from here.  When October comes and the chart is near the vertical line drawn through the triangle apex, it's time to sell.  For more information from an expert, check out Thomas N. Bulkowski, about halfway down the page.