Main Items we see on the 4HS chart:
-The main Ascending has been Broken
-A new Structure has been formed (Major (dash-dot lines)
-We can see a Head and Shoulder Pattern formed using the previous broken ascending as guide
-Currently, we can see a small consolidation structure ( yellow lines) finding resistance on the Neckline + inner of the movement.
-We think that the breakout of that structure will be the final confirmation of the movement towards the next at 7700
-If you are planning on taking short setups on this scenario, you can find an interesting Risk Reward Ratio from the breakout to the , and you have good spots above the neckline and the descending to define your stop
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