Breaking the H&S neck, the price must find some support below and test previous structure. If the price pull's back into the 61.8% retracement it can forge an 2618 trade setup, and that will give us a very nice trade that can sink the price around the weekly support or below it, close to the 224% extension from top to neck (@1.46000$);
Structure: Daily trend line broken (green line), the price should go test previous structure. Inside the bearish correction channel, or wedge, or whatever ;), i expect a hit at extensions, between the 127% and 161% before an upward movement;
ABC corrective move or an AB=CD before some upside movement;
Cypher: Point B: 38.2% to 61.8% XA Point C: 127% to 141% ext XA Point D: 78.6% XC Target: TP1 38.2% CD TP2 61.8% CD