Reasons and confluences: - Head n Shoulders Neckline Retest - 4H 55 EMA at 27400 - 1D 55 EMA at 27590 - 4H RSI creating hidden bearish divergence; The RSI has been reset and can continue the downtrend.
Invalidation is a hold above 27800. If this happens, we set our sights towards the 28900 mark which is an OB as well as LOADS of liquidations.