Initially I saw a overall downtrend on LYFT on the monthly, weekly, and daily timeframes leading me to believe the stock is bearish. It reached an all-time-low and started to consolidate on the daily and 4hr timeframe. I dropped to a 1HR timeframe to get a clearer picture as to what the price was doing within the consolidation range, saw a mini trend line formed and broke below, then made what looked like a potential head and shoulder pattern, as well as was rejecting off of the 200EMA. I went for a PUT swing trade but then cut losses as price went the opposite direction aggressively. First trade of 2025.
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