This is a textbook bump and run set up. I would be very surprised this stock didn't at least test the confirmation line. Playing a conservative Bear call spread until formation is confirmed then it'll be time to buy some puts. Good luck!
P.S. The QQQ chart looks just as scary
P.S. The QQQ chart looks just as scary
Note
Apologies for the double post...
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.