Imagine he had bought TSLA puts and then used Elon Musk's account to tweet "The numbers are all fake. TSLA to file Bankruptcy."
EMLX. College student FAXED a fake press realease to CNBC, like year 2000 some time. Stock halted gap down then super rip up super. To the tune of $400k up from a trader I know. I think they eventually got the suspect.
Could be----I'll need more confirm. When I look at this I see ATHs coming. 60 minute chart could pull back of course---
Back in the day it would always/ usually represented a reversal signal... similar to an HS... last 10 yrs or so It`s been converted to a continuation set up... so I give it 50/50...