WE need more confirmation for short entry

Morning guys,

Recently was a bit tricky situation when market has not confirmed potentially bearish setup that we've discussed last time. Still, as we've said before, 2nd chance to reverse exists around 56K area, as this is the objective point of 4H AB-CD pattern. As a result we have healthy "222" Sell on 4H time frame.

Still, it is a bit scary to sell when upside tendency stands strong enough. It might happen, that recent stop is just reaction on daily overbought that market hits yesterday. When we have uncertainty about overall situation - we need more confirmation for short entry and preferably with less risk.

For this purpose, I suppose, we could consider 1H H&S pattern, that provides as confirmation as clear points where to enter (top of the right arm) and where to hide the stop (above the head). Once it will be formed - chances for downside action increases.

No H&S - no shorts, this is obvious.