The right shoulder needs to drop in order for the HS to be valid. Overall the 4 hour and 2 hour charts are showing a downward staircase pattern. I am expecting this to drop. My SL on this trade is invalid per the indicator and I will be monitoring this trade closely and I will determine when I want to call it. I am anticipating the short to occur in the next month or so.
Warning: This analysis is my own. I am not held liable for any financial lose that may occur based upon my ideas. You accept full responsibility of your actions if you choose to follow my ideas and agree that I am not held responsible.