On the 1-hour timeframe, we see the bearish divergence formation.
On the 2-hour timeframe, we see a confirmed reversal pattern represented by a shooting star candle "A" with a bearish engulfing candle "B" confirmation.
4-hour timeframe, also represented by shooting star.
We can expect a downward movement with a take-profit target near the "B" support area of $120, but we still need to break through the "A" support area near $140.
On the 2-hour timeframe, we see a confirmed reversal pattern represented by a shooting star candle "A" with a bearish engulfing candle "B" confirmation.
4-hour timeframe, also represented by shooting star.
We can expect a downward movement with a take-profit target near the "B" support area of $120, but we still need to break through the "A" support area near $140.
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