Fake breakout here by $PTON, initially broke out but on the retest of the wedge again, it did not hold and dropped through the support line and couldn't hold onto the 50 Day MA support line either.
This will likely continue down to the apex of this wedge between $2 - $2.50.
Losing the wedge here and breaking to the downside puts $PTON in a dangerous zone and will struggle for its survival.