So, taking you a bit through my thought process. I've noted some of my fave candle patterns on the chart (3 Inside/Outsides). Whether they fail or confirm they usually give me some good tells. Also to note, in the grand scheme of things, technically the Bullish Bat
(green) is still in play (large daily pattern). It didn't hit full target until 4/29 but that was on a bearish
candle. LT/Swing players *could* still be in this with SL below an entry point. I like to consider broad possibilities (including OTF), so this & the fact that it could be a Type 2 reversal (think retest then retrace) is something I'm watching for. I would still need t see something harmonically constructive to swing this way though. At best, I'm Neutral atm.
There was a beautiful Fib Extrension that I missed on here (3/29H>4/11L, 4/28H) that lined up really well with the H&S
target. If we move through the recent low I will be looking for a similar extension using the 4/28H>5/3L>5/30H to an area ~ $105.116 (green line) to take profits (is short) or consider a long. Personally, I'm still favoring continued movement down watching the below areas:
Confluence area from ~$104.6 to ~$104 which contains a big 161.8% retrace (110.968 to 121.688)
completion at $102.505