H4 - Head and shoulders pattern, hidden bearish divergence.
Price did break and close below the neck line, validating this head and shoulders pattern.
H1 - Price created double wave and it has now reached the 61.8 fibo level.
Bearish divergence forming, once the bearish divergence completes itself, we may then start looking for sells with more bearish evidences.
The target for this sell setup would be the duplication from the head towards the neckline of the head and shoulders pattern.
Price did break and close below the neck line, validating this head and shoulders pattern.
H1 - Price created double wave and it has now reached the 61.8 fibo level.
Bearish divergence forming, once the bearish divergence completes itself, we may then start looking for sells with more bearish evidences.
The target for this sell setup would be the duplication from the head towards the neckline of the head and shoulders pattern.
Comment:
Update: This setup has been invalidated as price broke above the previous high.