has to go lower back to 7k or even 6k region. Now this affinity that is forming has a downside and upside; recent h&s
was in an uptrend so it should be clear that the price appreciated because of its direction (ignoring the structure, h&s
). But on this current side ways, it is in a downhill, goes to show that it should continue going lower. Fortunately (for the bulls), current forming h&s
is too complex for it to be a corrective structure inside of a bearish
If bear is vigor and strong support broke, it is a signal of a devastation of price going back down to 3k.