We had a head and shoulder pattern. If we take the fib retracement of that pattern, we hit the -0.68 exactly and retested the weekly level.
As we retested the weekly we can look at the 4H entry pattern, if this is already present. At this moment we still can see a bearish trend (bearish impuls followed by a bullish ABC pattern, rejecting at the highs). We can expect a bearish continuation, closing below the weekly level. But creating a set-up for a possible inverse head & shoulder.
