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1) Bullish Engulfing Bar 3/25/21, a trade setup of an undetermined length of time. Wave 1 topped next day @ 218.93, traded sideways for 3 months, broke above on 5/26 with gap, and topped on 6/8 (9 trading days later) @ 344.66 as a Double Failure Swing High against 3/10's high 348.50, a lower high (bearish) both under all-time high 483. The trade set completed, a failure under another failure.
2) ZigZag down ends @ 211, a Bearish Contracting Triangle develops: A=241.13, B=206.13, C=238.01, D=208, E=233.66 A thrust down from triangle. ZigZag + Triangle = Complex Structure.
3) ZigZag violates Wave 1 @ 218.93 making it not a 1st wave rather wave A of A-B-C upward correction, not bullish.
4) Thrust from triangle inherently has 5 waves, each with 5 subwaves, all impulsive waves are fractals of the larger impulse, corrective waves 2 & 4 have 3 subwaves or variations thereof A-B-C. Wave 3 bottomed @ 158.01, larger wave 4 topped 7/21 @ 195.51, wherein it stopped short of C= 1.618 x A @ 195.94, and under wave 4 of 3 down @ 197.47. Wave 3 is greater than 1 down, therefore 5 can be greater than 3, there will be no rule violation.
5) Excessive Bullish Sentiment 95% + greater than all-time high but at much lower prices. Numerous bullish calls on stock price up to 2K + in defensive echo chambers. Rule of Thumb: Markets tend to adversely affect the majority.
On the plus side: Triangles are terminal structures, likelihood when done (from where is undetermined as wave 5 down is still in its' infancy) price should return to base of triangle either to wave E= 233.66 or Wave A= 241.13, or any point in-between, wave B of ZigZag is 248.75, therefore there is strong cluster resistance 233.66-248.76. There is no implied bullishness above here because the move up was 3 waves, albeit the move down will have a 3-5 structure, taken together is 3-3-5 perhaps a flat pattern but too early to know, until 5 down is complete, the structure of the bounce thereafter will determine bullish or bearish, not echo chambers at extreme bullish "all-in" sentiment.