First price created made a move to the downside into my and found support, ultimately creating a .
Price then made a impulse to complete the , and now it appears that it may be overextended. When price create a , normally a retracement/test of the neckline is expected to occur.
The previous daily candle is showing indecision, showing exhaustion/resistance and maybe price is ready to make a push to the downside and test the neckline or at least retrace to the 50.0 fib level.
On the 4h time-frame there is large a candle, displaying heavy pressure.
On the 2h time-frame, a has formed which is a pattern.
If you agree, feel free to LIKE. If you see something else feel free to share your analysis, all ideas are welcome!