We have been following the head and shoulders development in the price action of Sirius XM (SIRI) stocks. This week, this pattern has come to completion. Sirius XM (SIRI) Daily Chart(click to enlarge)Bearish Implication/Support Levels:- The head and shoulders pattern suggests that bulls are exhausted.- If price breaks below the 5.04 neckline, it is likely to be in bearish correction mode.- This breakout opens up the 4.80-4.82 area. This is a previous resistance pivot and where the 100-day simple moving average resides.- The 4.65-4.67 area is the next support/resistance pivot and is also a key area to monitor.