h pattern - ATW

Just one trade for me today - ATW. Wanted to short SPY on the break of the 2nd bar and PDL but just couldn't pull the trigger.


ATW formed an h-pattern yesterday and broke down today reaching full extension measured from top to the low of the pattern yesterday. Volume was very low. I entrered on the first bar, below PDL.


Did not take this trade but saw on time. Nice drop yesterday on volume followed by 2 IB today before the breakout. Beautiful downsloping 5 EMA.