The ISRG (Intuitive Surgical Inc) Active Short Trade is starting to move impulsively lower after back-testing the secondary (white) uptrend line since breaking down below it one week ago today. That price action over the last week resembles a bear flag continuation pattern & today’s impulsive move lower, which is consistent with a breakdown below a bear flag pattern, coupled with weakness across the board in the other medical device stocks today, sharply increases the odds of a continued move lower & tag of at least the first target, T1 at 648.25.
ISRG daily Oct 26th