Bearish pennant on higher time frames ( 1 Day, 4 Hour, and 1 Hour timeframes). The market was relatively weak today along with rising IV due to CPI coming up and, specific to RIOT, earnings tomorrow, adding volatility. RIOT gapped down pre-market and was very weak on the day, it then broke the pennant along with a zone with relative ease and high volume. I entered puts here and it pulled back upwards immediately, but it didn't tap my stop loss which was right above the bottom of the zone, so I held through. Ended up going down and I closed the position for about +15-20%