Having lost nearly 50% of its value, Spotify is about to complete a gargantuan top and looks headed for much worse times ahead.

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Now that some time has passed, I have redrawn my TLT trendlines. This time, I am using the channel tool, which by definition demands the prices be confined within perfectly parallel lines.
As a follow-up to the fellow who bought over $80,000 in puts on UPST before earnings came out after yesterday’s close, sure enough, he’s “doubled down”: