Check the price behavior when touching the top line of the pattern.
If the top line is broken, the pattern will be confirmed and we will see a price increase.
If the blue uptrend line breaks, the probability of a price rise will decrease.
If the bottom line of the pattern breaks, the pattern will be lost and the price will fall.
There are 2 possibilities.
Head and shoulder pattern not yet confirmed.
By breaking the neckline, falling to the specified levels will occur.
If the head and shoulder pattern is not approved, the second scenario will occur.
The trend is bearish on the 1H chart.
The price is also in the upper band range of the descending channel and the ichimoku cloud.
It is important not to break the high band by price.
