The strong impulsive reversal from the yearly highs appears to suggest the upside from both the 2016 lows is completed as well as the 2009 lows. The move from the 2016 can be counted as an impulse to end what I think is a much larger impulse wave that started from the 2009 lows. If you own this stock it might be a good time to cash out considering the implications could suggest a  correction sees a move towards 140.00 – 120.00 or lower.

The break under 200.00 is the first bearish sign to argue that the trend from the 2016 lows has ended a 5 wave advance, a 5 wave decline from the yearly highs would also offer strong evidence that a peak is in place.

Staying below 215.50 is a good sign to supporting further weakness.

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