A One-Two Warning
Image Source: Pexels
The collapse of Upstart Holdings (UPST) is an interesting example of a two-chart phenomenon. First, there is the gargantuan and well-formed head and shoulders top, highlighted in yellow. Second, following the plunge after the top was formed, was the powerful retracement up to the neckline (whose peak is marked with the arrow). This was a nearly perfect gap-close, and it’s been in a free fall ever since. Quite the ride!
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