if this closes correctly we should expect price to continue down post retest
PSA: I am not the most confident on this; however, the price action is decent along the consolidation trendline that is seen. We have engulfing on 1 hour and 30 min shows the slowed momentum preparing for a potential reversal
I see engulfing on the 1 hour. Clearly it seems as if momentum has slowed to the upside and starting to reverse back to the downside. On top of that this is a break and retest pattern...So maybe a slight scalping oppurtunity