Keep up with reverse H&S

Morning folks,

We still follow our suggestion of reverse H&S pattern on 4H chart, although we have adjusted its shape a bit and make it larger, but overall idea stands the same. Our short-term plan consists of two parts.

First stage is downside continuation to form the bottom of the right arm. Here we're watching for 9875-9935 area where we have major 5/8 FIb level, Butterfly and AB=CD target. This is potentially the area where market could turn up.

Next step is to consider long entry. That's what we have for 1-2 sessions probably. Then we need just to watch whether market will follow to H&S and we could focus on higher stand targets, or H&S will fail, which will be the signal of downside continuation and major breakout of 9K area...