Contrary Indicator(s)

Part of the wedge ‘Throw-Over’ as we’ll see in the chart, may have been in response to this, link here.
With the ‘all clear’ going out to millions of ‘investors’, what could go wrong?
Looking at it from a strictly Wyckoff, and chart pattern perspective (a la Richie Nasso), probabilities favor a reversal (not advice, not a recommendation).
CrowdStrike CRWD, Daily Close

Price action has entered back into the pattern.
Positioning
No active positions in CRWD … yet.
After yesterday’s trend-break (into the pattern), there’s a possibility for a rally to test.
Other Markets
SOXX short, was re-opened as SOXX-25-04, with stop at yesterday’s high (not advice, not a recommendation).
Wal-Mart short, WMT-25-04, remains active, with stop being moved down to (near) the last session high of 96.91 (not advice, not a recommendation).
Stay Tuned
Charts by StockCharts
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
The Danger Point®, trade mark: No. 6,505,279

