At this Level the reversal is always imminent. This usually gives out an M Formation which may or may not stop hunt high before the drop. Stop hunt high 2nd leg is best entry. And as we can also see, that it had previously dropped to level 1, then gave a retracement back to level 3 for a Multi Session M for our anticipated Short to the next level. 4XLG Level Count Tech Analysis. Thanks for your Suppot! You can also visit us at: View Comment for our .com