An obvious Head and Shoulder pattern has been completed on the 4Hr TF. Price is now currently at a support level and i am anticipating further downward momentum. Price is under both of my MAs which is a confluent as part of my trading rules. I haven't personally taken this trade, i am waiting for Price to break and close below the immediate support before i confirm a trade.
Comment:
a close of today's candle will confirm the direction of this trade. Immediate support broken.