Price has formed a powerful head on shoulders reversal pattern here, breaking below support to finish off last week with a bearish engulfing candlestick. In the weeks again, I am anticipating price to make its way towards the neckline, & if that is broken then a completion of the pattern could occur in the near future.
Comment:
Daily: Intraday setup, we can look for a retest of broken support as new resistance for entry point, & can aim for the support zone below.