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hawkowl
Dec 9, 2021 9:01 PM

Inverted Cup and Handle Short

Affirm Holdings, Inc.NASDAQ

Description

Last few days were a short covering rally. We now have a high probability of resuming the downtrend. Inverted cup and handle. Also, rejected off the bearish top of the flag line. Short term (Dec 17 option expiration) price target $100. Longer term, if we enter an overall bear market, then target the bottom of the gap about $73.77
Comments
stylishtrotter
This is exactly what I think. The rejection at 120s was confirmation of downtrend continuation
hawkowl
@stylishtrotter, So far, so good. Could bounce a bit next week, but that gap down to 75 begs to be filled.
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