Check out this chart of WPO a company with horrible fundamentals showing an extremely bearish pattern.
Care to explain why you consider the chart to be depicting a extremely bearish pattern. Given that you are correct how would you play the stock?
Given your comments and looking at this chart, I'd say you must be short. Guessing you shorted this around 306-315. Doesn't look very bearish to me.
Actually,...I think it looks quite bullish. Looks like a bottoming pattern with a new UPTREND about to start. Only reason to short here is if you think there will be a reversion to the mean. Clearly the weekly, daily, and 60 min charts are all BULLISH. All 3 time frames have bullish EMA crossovers and rising MACD whild MACD is above 0 and ADX rising and above 25 as well. Only signs of bearishness is the bearish divergence of the daily MACD histogram which suggests a reversion to the mean is coming soon... but that is definitely NOT extremely bearish. Just my 0.02