Procter & Gamble (PG) - A Bearish InsurrectionA lot of technical signs warrant taking a bearish thesis on PG. The first, and perhaps most significant, of these signs was the double top that occurred early 2022 when price twice rejected the $165 level. Consequently, the uptrend reversed; the bears took control. The next sign was the downward resolution of an established ascending channel. This downside break occurred in the premarket hours of Jan 18 and continued into the early trading hours of the day. The most recent technical sign is a symmetrical triangle, that the price is currently bounded to. The symmetrical triangle is likely to resolve further downwards very soon; I'll look to enter once this level is broken. The first PT for short positions is at $155 - this is based on the downward pressure from the continuation triangle. If price continues lower, we may see support come in at $154 and $150 so trim your position accordingly. Place stoploss right above the point of entry (on the former support, potential resistance) of the triangle consolidation - so around $156.30.