1. break into and try to find new support
2. get denied and continue its bear trend to find support somewhere lower
Good place to watch although i do not recommend opening any positions based on this idea since there is a high possibility of a fakeout.
however there is also a larger H&S formed on the same graph with the left shoulder being at the peak pf $13000 and everything else the same as the one i drew.
we broke the neckline on that one (bullish), but now are retesting it to see if it can hold. If this breaks, i would start to look for short opportunities.