Check out the textbook Bearish Flag on the daily chart.
In addition to the pattern, several bearish signs are emerging.
Take MACD cross or the tanking RSI as an example.
Not to mention the POC and unfilled gap, which are below the current price.
Moreover, the announcement of the earnings is coming up, and the last two reports have been disappointing.
In addition to the pattern, several bearish signs are emerging.
Take MACD cross or the tanking RSI as an example.
Not to mention the POC and unfilled gap, which are below the current price.
Moreover, the announcement of the earnings is coming up, and the last two reports have been disappointing.