Expanding channel + descending supported by breakout retest
1H H&S, folowed by a tight bearish continuation flag with a retest on resistance that just turned into support.
We experienced a breakout on a bearish structure we had, that was supported by a double bottom. Overall had market nature movement with impulses & correction and finally broke out of the upper zone structure (RESISTANCE) with a support of a bullish flag pattern ,so the probability buying opportunity.
Market had a hard impulse to the downside, formed a double touch on a support trend line which was showing high demand for correction since the high impulse! Now we forming a large version of correction named “BEARISH CONTINUATION FLAG” looking forward for continuation of sells.