Elephant Walk

I stopped an old man along the way
Hoping to find some forgotten words or ancient melodies
--Toto

Good to know there's an 'elephants declining in size' technical pattern.

Horrified to realise that European bank stocks have formed an 'elephants declining in size' technical formation. A global recession/pandemic beckons. pic.twitter.com/fV9zz8suZf

— Mike Bird (@Birdyword) August 16, 2019

His point, of course, is that euro banks, a proxy for European markets in general, are painting an increasingly bearish technical picture.