Price touched the -0.27 TP yesterday, and showed some bullish reversal today. As we touched (and crossed the weekly level, we can look at the 4H level for a possible entry pattern. At this moment we still see a bearish pattern (bearish impuls followed by a bullish ABC correction (fib -1). We can expect a bearish correction, creating a double bottom or, with close below the low, the head for a possible inverse head and shoulders.
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.
