Higher TF we in a down trend.
Price broke the lower TF rising channel, and now expecting price to rise to a supply zone as a retest of the break-out, which will result in a possible H&S pattern.
Price broke the lower TF rising channel, and now expecting price to rise to a supply zone as a retest of the break-out, which will result in a possible H&S pattern.
Comment:
The resistance level was stronger than anticipated, all that is left is is for price to break the neck line