Danabus

INFN Bearish butterfly confirmed followed by bearish pennant

Short
NASDAQ:INFN   Infinera Corporation
As a beginner in Technical Analysis I just learned how to read the butterfly pattern and realized, as an INFN owner since some time, this would have been a great tool to spot the bearish breakout around July 29th with support by the RSI trigger!

Following this breakout looks to be a pennant formation setting up for a continued fall.

Input on this idea is very welcome!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.