(W) Bearish Setup in PlayNYSE:CPAY – BEARISH 2618
Weekly chart confirms a Technical Double Top pattern around $370–$380, followed by a textbook Bearish 2618 retracement.
🔍 Key Confluences:
Double Top confirmed, neckline broken.
Price retested 0.618 Fib retracement at $350.51 (aligning with weekly resistance).
Bearish 2618 pattern projects downside potential toward $227.13.
First support to watch: $313.97, followed by $269.02.
🧭 Bearish outlook favored unless weekly close reclaims $355+. As long as price stays below that level, sellers remain in control.
