Looking at the H4 chart it shows that the bulls have broken through the structure in the middle then a retest was done. This retest on the support structure indicates that the pending buy orders at that zone were filled and the market now has good momentum to make its way upward to the top resistance zone. My expectation is that the right shoulder will be formed at that resistance zone because we can clearly see the formation of a H & S as the left shoulder and head already exist. A break above that resistance zone and retest thereon will invalidate the H & S as that would represent continued bullish momentum.