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BNBUSDT 5% drawdown channeling H&S

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Binance Coin / TetherUS (BINANCE:BNBUSDT)  
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BINANCE:BNBUSDT   Binance Coin / TetherUS
Head and Shoulders Parallel Channel Elliott Wave waveprinciple Descending Channel headandshouldersformation parallelchanel impulsewave breakdownshort bearishsetup shortsetup shortposition
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headandshoulders parallelchannel elliottwaves waveprinciple descendingchannel headandshouldersformation parallelchanel impulsewave breakdownshort bearishsetup shortsetup shortposition
5% drawdown from the right shoulder of a Head and Shoulders pattern setup can be expected as drawn on this 15m chart. Price action in a parallel channel and downward impulse wave to fill the wave-iii. Chaikin Money Flown in a negative divergence as diving below zero plus Fisher transform 2H bearish crossing suggesting time correlation in 16h ahead.
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