Price is fighting with the weekly low, creating a bullish M within the last bearish last bearish push down.
Closing above the weekly still could be seen as bullish, or at least an attempt to remain bullish
If we zoom in on the 4H chart, we can see that price moves within the 4H range, but creates an internal structure (inverse head and shoulder). Let's look if we can become and remain bullish
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.
