There is two possibility's here , This could be a H&S at my point (c) and drop being the beginning of a Major Correction or it can make a New AB=CD ending at 52.00 Area , the real deal here is for Price to Break Above the Point D on my Chart to be Bullish OR for Price to Close below Point (b) to continue on the Bearish Trend . Note that Price has Retraced up to the 38.2% Fib and this is a Big Deciding Point.