Here we can identify the head and shoulders pattern (bearish pattern) has fully formed and the neckline has now broken out with an impulse to the downside creating a new lower low. A valid exhaustion will create the short zone. As always never get FOMO and try to catch a trade whilst price is on the push phase. Trying to catch a price whilst on the push phase typically leaves the trader with a larger stop loss size, smaller risk to reward and a higher probability of getting stopped out prematurely.
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