- Trend = bullish
- Phase = 4 (impulsive but still below the swing high)
- Price closed above the 3M level but hit the 3M swing high and reacted to it.
- The last candle is bullish showing hardly any signs of reversal.
- Note that in the corrective phase of the prior bullish impuls price created an inverse H&S pattern, where the shoulder 2 has still to be retested. Shoulder level is at 2.602,23 $.