Uptrend was broken by the breakdown candle, price unable to recover the trend. Looks like this may be the downtrend that has started, a test and fail of the breakdown candle should confirm the downtrend.
5/8/2018 Goldman Sachs Group Initiated Coverage Buy $23.00
4/25/2018 Bank of America Initiated Coverage Neutral $21.00
I like your read on this chart... I started a position yesterday on strength and it seems to be playing like you suggest. I'll keep an eye on mine and of course hope I'm right. But, if it drops below $34 on a close I will be taking the side of the trade. Good work! I always like to see other peoples work especially when it disagrees with mine... makes me think.