Price had a brearish rally on the daily and a retracement afterwards to a fib point of interest.
Price has formed a Quasimodo/over and out pattern and we have initiated some shorts.
Partials will be taken along the way
After our QML failed we got our 2b setup with a swing failure that ended up being an engulfing and gave us our entry trigger to go short with stop half atr above the engulfing candle high.
We broke structure on daily and have returned to the left shoulder of downswing and created a Quasimodo.
Looking to enter sells at the left shoulder of the quasimodo/over and out pattern to the previous low.
