Waiting to see if it breaks below the neckline with at least 2 bearish candles before initiating a short position. Negative EBITDA with negative revenue growth YoY.
Trade active:
neckline has been broken confirming validity of the H&S pattern; could see a drop to 25ish since major support has been busted
Comment:
The trend appears to be breaking; start to unwind position if not fully bailing from Puts or short positions. Switch to going long and buying calls.
Trade closed manually
Comment:
Closed too soon. How bout that ride down??
