Carvana Has 30% Downside

Shares of Carvana (CVNA) look primed for a steep sell off after printing a bearish head and shoulders over the past year, breaking below the neck line, kissing that neck line resistance, and then resuming the sell off. Carvana is likely headed to the $23 - $25 level, representing a 30% decline from current levels. This chart setup is a high conviction short.  


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