The neckline of the Head and Shoulders I talked about in the previous run has been compromised and volume has followed through.
At the time of writing, the 0.5 Fibonacci level has held but given the bearish divergence in the MACD (on higher timescale in particular) there is a higher likelihood of lower prices. This can be seen by the lower high of the current...
Possible H and S forming
If not already short perhaps take a position on break of neckline?
MACD negative and Moving Average ribbon trending down so I see a test of the neckline as likely
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