$SNDK triggered a textbook Head and Shoulders breakdown on the 4H chart the moment the $1,735.49 neckline gave out. Both shoulders stalled at $1,813.50 before the head swept $1,907.98 to trap late breakout longs. That opens a clean path down toward the macro ascending trendline near $1,565.
Do not chase red candles into $1,675. Wait for a relief bounce into the broken neckline between $1,730 and $1,738 to short. Take initial profits around $1,600 and let runners ride down to $1,565. If a 4H candle closes back above $1,762.67, the setup is invalidated and you cut the trade immediately without arguing with the tape.
Do not chase red candles into $1,675. Wait for a relief bounce into the broken neckline between $1,730 and $1,738 to short. Take initial profits around $1,600 and let runners ride down to $1,565. If a 4H candle closes back above $1,762.67, the setup is invalidated and you cut the trade immediately without arguing with the tape.
