is down testing important price structure support
and we have a good possible swing trade on our hands. For those that like to pay more attention to price structure patterns, this does resemble a larger sized head and shoulder pattern. We do have the future kumo twist started to bearish
, a bearish TK
cross, and chikou span is just shy of breaking through price to the downside. If we do get the break or price structure support
with will coincide chikou span getting below and free of price. If we can get that break of price structure and hold below it, I'll enter my short. I've drawn out partial take profit levels on the way to longer term price structure support
. If we fail to break support or form and hold a bearish trend
, this setup may become invalidated.