Carvana heading back to earth after lunar launch

Carvana (NYSE: NYSE:CVNA ) has staged one of the more remarkable recoveries in the market, rallying more than 7,700% from its 2022 lows to its 2026 peak. But the weekly chart is now flashing a potentially significant reversal pattern: a large head and shoulders formation, with price threatening to break below its neckline. The Head & Shoulders The structure has developed over much of the past year: Left shoulder: Approximately $79 Head: Approximately $95 Right shoulder: Approximately $82 Neckline: Approximately $61 Current price: $58.83, below the neckline The declining weekly RSI trend reinfo