During the weekend, price didn't make a lot of action.
At this moment we can see two possible set-ups : 1. Bullish : we see a retest of the neckline (3.982,58 $) and a printing of the shoulder2 (3831,57 $) before seeing a bullish continuation to the C-level 2. Bearish : there is a complete lack of bullish power. The level 3.982,58 $ acts as the shoulder level of a head and shoulder pattern, which would fit in a bearish set-up.
Following up the 3.982,58 $ will be critical !
Even when we see a bullish reaction to the upside, remember that we are in the corrective phase of a bearish impuls. When the ABC correction is completed, we can still see a more severe bearish correction.
