Notice Impulse waves happening over years at a time on a very solid decade cycle. Solid double top with breakdown.
Looking for the next big recession in the next year or two. That being said I'm looking for a stock melt up that im almost sure will happen. Many stocks may see big bull-runs before finally entering the bear market.
For Celgene, this melt up might make the stock see a correction to $100 dollar level before a continuation of the current downtrend.
Short term long, but long term short. wrap that one around your head ;)