Tracking this 180m chart of ALGN for a potential short opportunity once the stock rolls over. It has been climbing a wall since breaking out of a wave 4 triangle in late April, but momentum is slowing and starting to show divergence. Waiting for price to break trendline support to establish a short position against the high. Expect the subsequent move lower to exceed 10%.
Head and shoulders on the hourly closed right at the neck line today 6/21. Will see how it acts on the open, market looking weaker all over right now along with these formation. The short looks high probability trade.