Break of yearly pivot (large pink line) followed by a bearish flag. Bearish flag starting from significant support area working up to retest the pivot. A break to the downside is possible.
Comment:
Idea remains valid; 4hr is still trading under the EMA's and price has not broke through any key levels w/ respect to the previous structure. If anything this large move to the upside could be the proverbial "bull trap". Enter upon a break lower and retest :D