ServiceNow, Inc.
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NOW: Bearish Signs – Harmonic Pattern Hints Decline

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ServiceNow (NOW): Bearish Setup Ahead of Earnings

ServiceNow (NOW) is showing signs of potential bearish movement as it nears its earnings announcement on January 29.

  • Bearish Divergence: Notable on both the daily and weekly charts, suggesting weakening momentum.
  • Double Tops Formation: A reversal pattern indicating potential selling pressure.
  • AB=CD Harmonic Pattern: The bearish harmonic pattern has completed, signaling a possible correction.



Key Levels to Watch:
A closing below $999 would indicate a break of structure, potentially targeting the rising trendline support.
If you’re holding positions, consider off-loading some shares at current levels and re-evaluating after the earnings announcement.

Stay vigilant and monitor price action closely. Happy trading!

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