HIMS - Potential Bearish ABCD & FVG Retest Setup (4H)

\HIMS is currently showing signs of a potential bearish ABCD pattern forming, with the recent rejection at point A and retracement towards B, holding around the 1.617 Fibonacci extension level. A possible short-term bounce may occur toward point C (0.618 retracement), before continuing downward.

📉 Bearish Scenario:

If C confirms as a lower high, a drop toward the FVG GAP zone between $31.85 and $27.94 becomes highly probable, aligning with the 1.618–1.886 Fib extension.

The volume profile indicates a low-volume node (LVN) around the FVG, making it an attractive magnet for price.

🔍 Key Levels:

Resistance Zone (Red Box): $66–$74 (previous supply and high-volume node)

Support/FVG Target: $31.85 (1.618 ext) / $27.94 (1.886 ext)

POC above: $56.02 – potential pivot level if bulls regain control

⚠️ Watch for:

Reaction at $49.50–$50.00 resistance (0.618 retrace zone)

Volume confirmation on breakdown toward FVG zone