On the daily chart we can see that price reclaimed the entire bullish candle of yesterday. We dropped back down the weekly low. I would like to see price close above that level at the week.
I expect the price to move below the 4H liquidity level of the 4H range and close below it, creating the head of a possible inverse head and shoulder. Then price needs to push back up towards the neckline at 3534,00 $ and retest the shoulderlevel back again at 3230,94 $.
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.
