MDB - Short thesis: Data Dump/MongoDB-bye! :-)

Potential short case based on technical analysis patterns and trendline analysis.

The analysis is based on two timeframes: the Weekly (1W) and the 4-Hour (4h) charts.
Technical Analysis for MDB Short Case
1. Head and Shoulders Pattern (4h Chart)
The most prominent feature is the potential formation of a Head and Shoulders (H&S) topping pattern on the 4h chart, a classic bearish reversal pattern.
Left Shoulder: A peak formed just above the $313.29 green trendline/neckline.
Head: The highest peak in the pattern, marked at $338.61.
Right Shoulder: A peak currently forming and testing the resistance line, appearing to roll over.
Neckline: The $313.29 green horizontal line appears to be the neckline/key support level for this pattern.

A confirmed breakdown (close) below the neckline at $313.29 would validate the pattern and project a significant downward move.

2. Trendline & Support/Resistance Analysis
The chart also overlays several long-term trendlines and key price levels.

Resistance/Upper Trendline (Red): This line represents the long-term upward channel resistance. The stock's head at $338.61 peaked right at this resistance.

Key Support (Green Trendline): This line, running through the middle of the price action on the 1W chart, has been broken by the recent price action, with the neckline for the H&S pattern forming right near this general support area, around $313.29.

Initial Downside Target (Green Box): A projected target level, likely derived from the H&S pattern's measurement, is marked at $276.90. This level is also aligned with a lower support trendline on the 4h chart.