Yesterday I got a chart together for the LNKD topping pattern that I had noticed, but didn't get around to posting the chart on the site. The following day, LNKD sold off approximately $7 per share as it attempted to test support. Like classic Dow Theory suggests, we were easily able to see the accumulation, markup, distribution, and now forming the markdown phase. While we may not break down just yet, as the topping pattern may test the Last Point of Supply, before breaking down, we like a short-term target of $160-153 per share. As always, stay vigilant and product your capital.
Topping Pattern by infinite_margin on TradingView.com