4 Hour Time Frame:
Confluences
Head and Shoulders Formation
Right Shoulder respected the 38.20% Fib level.
Price action broke the inner trend line.
Down trend Channel.
Currently looking for price action to break and retest the outer trend line. Will be looking for a short entry upon the continuation of trend line.
The Conclusion
Will Price action break or bounce from the 200 EMA then head lower to daily sup 92.50?
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