A Technical Tell? (by Biffermas)

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Just a quick comment cleaner here.  There is much talk around these parts about broken bearish technical patterns, with last summer's failed head and shoulders top being a prime example.  At a minimum, many discount the bearish signals they receive after a protracted bull run (who can blame them?).  Take a look at this chart and guess what happens next.  A long-term trendline was broken to the downside, and the hot price action subsequently kissed the underside gingerly…  Too textbook?  Too good to be true?

Chart 1 

Once you've guessed, click here to see what happened next.