CVNA ShortCarvana Co.BATS:CVNAProSignalaiThe broader market structure for CVNA is currently bearish following a significant downside leg that broke below previous lows. After the selloff, price formed a retracement, and we are now testing the lower half of the prior range. There has not been a confirmed Change of Character (CHoCH) or BOS to flip structure bullish, so sellers still maintain control overall. The nearest supply zone sits just above the current price and previously caused a sharp selloff, showing that sellers were aggressive at this level. This remains a valid area of interest for shorts until decisively broken. Below current price, two key demand zones are visible: the first around 362–360, where buyers reacted with strength and pushed price higher, and the second, deeper demand near 356–349, which served as the origin of the most recent bullish move. Price action inside the marked region shows a clean retest of supply, with candles beginning to slow momentum and print wicks to the upside, indicating hesitation. If price fails to push above 367–368 and reverses, we are likely to see a continuation to the downside targeting the first demand zone at 362–360. If that level gives way, price could extend toward the deeper demand around 356–349. The current trade bias is bearish, expecting a rejection from supply and continuation lower. Invalidation would be a clean break and close above 368.50, which would shift momentum in favor of buyers and potentially target the upper inefficiency toward 374–376. Momentum currently leans slightly bullish in the short term due to the recent impulsive move up, but overall context favors sellers until key highs are taken.