Though market seemed to had rejected at right shoulder, then enter SL above the head
At area of value with double bottoms for final retest in a higher time frame
At the area of value making a double bottoms, in an attempt to spike for the final leg in 4h
Market is bearish as you can see, a reversal pattern is forming at 4h with right shoulder remaining. If rejection is eminent for buyers, hence we sell!
As earlier stated, market is in bearish at higher time frame, and at lower high, hitting a resistance level. As we dropped 4h a leg is formed now preparing for the possible final one for the strong move. Thus we sell upon final rejection if noted.
Market is definitely going for double tops guys in 4h unless otherwise, hence if our analysis is becoming to reality, then we close the initial position until termination of buyers proven in 4h.
At double tops formation at a higher time frame, while the market is bearish initially. Market may go back for retest
Market at bearish and a higher low at higher time frame while now in lower at a strong resistance level with a double tops, this could be the Genesis of our anticipated bearish!
At a lower high in a higher time frame, while a double tops is made at a resistance level
As you can see in Weekly, the market is in bearish trend where the support line was broken making LL, now market had a deep pull back where support became a distance by making LH. And in 240 you can see the market formed H&S at the resistance structure where the support line was broken and retest. Hence to anticipate bearish phase until double bottom is made at Weekly
As you can see a Head and shoulders is formed and the neck line is broken.
Double bottom with a shallow retest at the AOV