CIEN | Weekly Bear Call Spread

⚠️ Reversal signal within an extended multi-timeframe uptrend.

Ciena Corp (CIEN) continues to trade within a strong multi-month uptrend, with price recently pushing into a new expansion phase on the daily timeframe.

Despite the apparent strength, the broader structure suggests increasing vulnerability to short-term exhaustion rather than clean continuation.

The latest daily candle printed on Friday resembles a bearish reversal attempt — not a perfect engulfing, but structurally consistent with a dark cloud cover formation after an extended move.

That signal, combined with elevated momentum readings across timeframes, provided the basis for this week’s premium capture setup.