As we see we have broken the Higher Highs to the downside with a SHS formation at the top and we have a break + follow through through the trendline .
Now we have a big pinbar right on the well respected s/r level which could lead to a nice pullback in direction of last lower high (right shoulder)
But as we have also break the upward trend from technical view we can also expect further downward movement.
i will look for a long in h4 after break above the small resistance and i look for a short on daily chart after break below the Pin.
Now we have a big pinbar right on the well respected s/r level which could lead to a nice pullback in direction of last lower high (right shoulder)
But as we have also break the upward trend from technical view we can also expect further downward movement.
i will look for a long in h4 after break above the small resistance and i look for a short on daily chart after break below the Pin.