This pattern is actually in high reliability as the price action shows a pivotal sign in confluence to a 88.6% Fibonacci Retracement. Hidden bearish divergence on Fisher Transform oscillator which crossing on H1 reinforces the idea of a peak for this cycle. A 2nd target to watch @ 14.6%.
A short entry can be made at the marked black line - which denotes volume profile price at which maximum volume trade has taken. A rejection at the black line will intensify the speed of fall and a better R:R can be maintained.
