BNBUSDT 5% drawdown channeling H&S

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5% drawdown from the right shoulder of a Head and Shoulders pattern setup can be expected as drawn on this 15m chart. Price action in a parallel channel and downward impulse wave to fill the wave-iii. Chaikin Money Flown in a negative divergence as diving below zero plus Fisher transform 2H bearish crossing suggesting time correlation in 16h ahead.
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bearishsetupbreakdownshortDescending ChannelElliott WaveHead and ShouldersheadandshouldersformationimpulsewaveparallelchanelParallel Channelshortpositionshortsetupwaveprinciple

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