Trend is bearish, however a potential counter trend trade is possible if a double top is formed for the retest of previous structure, giving us a very nice risk to reward ratio, along with bullish divergence. if the bullish momentum continues it will lead to a potential bearish bat pattern. If the market breaks structure to the downside, we can expect a rally to .127 extension of the down leg, hence completing the C, Leg of a potential cypher pattern.
