I just went short at the top of this last candle. On August 27th, I outlined the diamond pattern here on the 4hr chart. Since this was at the bottom of a local downtrend I forecasted a move to the upside, which verified after my trade going long. Now a similar, larger diamond pattern may be in the process of printing at the top of the local upward trend. I believe if we see another candle or two print within this diamond in the next day or two and then a candle break downward from this diamond that we will see a more substantial drop from here. I believe this indicates a potential reversal from here and that our local high has already been seen on August 23rd. Money has been steadily flowing out of the market for the entire month of August and we cannot sustain a move upward in price so long as that is the case. My initial target is 46k and my ultimate target is 42,5k.