- Trend = bearish
- Phase = 1
- After the strong impulsive bearish candle we see at this moment an ABC correction forming. Printing the B-level lower than the 0-level, we can expect that this will be the basis for a inverse head and shoulder pattern.
- At this moment we see rejection at the shoulder level, letting us believe that the price will retest the head. level, printing a double bottom. This is still active.