Exhaustion on the 4hr timeframe, down on the 15 and 1 hr we can see a potential head and shoulders pattern appearing. Fib extension from the most recent swing high to low gives us a 1.618 fib lining up with previous structure for a short trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.