On the daily timeframe market still hasnt completed the W formation, on the 1hr TF we now have bearish structure waiting for a retracement and market to form a new lower high which will also form this nice head and shoulders pattern, at a confluence of resistance. Then we can look to enter the short.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.