GMRIX Stock Tickeron detected bearish Mutual Fund Pattern: Three Falling Peaks on June 20, 2024

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GMRIX - Nationwide Small Cap Index R6

Emerged: 06/20/24

Breakout: $11.45

Price: $11.57

Target price: $11.13

A.I.dvisor detected a bearish Three Falling Peaks pattern for GMRIX stock. This pattern was detected on June 20, 2024 . The odds of reaching the target price are 6.

The Three Falling Peaks pattern forms when three minor Highs (1, 3, 5) arrange along a downward-sloping trend line.

Consider selling the security short or buying a put option at the downward breakout price level. When trading, wait for the confirmation move, which is when the price moves below the breakout level.