Now we just saw the first test from underneath on the .
The interesting part is that price is forming a SHS formation right under this s/r zone while the Head already retested it .
Such a formation on a location like this is a great sign that we may see a change in direction again.
Again we have 2 possibilitys for this set up
1) a break of the SHS neckline + ( 3Touches showing us the TL is confirmed) to the downside open us a opportunity to go short here
2) invalidation of the pattern by breaking the s/r zone to the upside which would force us to overthink the whole scenario and look for a clue to go long here for example a pullback to the + s/r zone again but for now we will focus on presence not on what could be in future