1. The chart has defined the LH
2. Hanging man candle spotted
3. bearish trend line is respected
4. 0.5 Fib. the level retracement will be TP2
5. Time Cycle complete in 18 bars on hourly
6. RSI is still in the middle so no divergence is needed
7. ABCD pattern is in play
2. Hanging man candle spotted
3. bearish trend line is respected
4. 0.5 Fib. the level retracement will be TP2
5. Time Cycle complete in 18 bars on hourly
6. RSI is still in the middle so no divergence is needed
7. ABCD pattern is in play