What I see here is a classic pattern and a pattern.
Suggestions and advice on my TA is greatly appreciated! What other indicators can I look for to better predict the possibilities?
Next target is the neck of the H&S pattern.
What do you think, will we bounce there or drop further?!
If we break below the bottom of the neck line, what would our next target be?
As you mentioned, the price has broken downwards out of the rising wedge, and that would make it more likely, in my opinion, to continue downward and complete the H&S formation.
Another note: If you zoom out a little and take the whole period starting from the high point on 12/17, what you have is another, larger flag scenario! Again, this is a bearish signal. I will do a chart on it so that you can see what I mean, and post a link back to it here.