DislikedTo be honest, I never saw that as a DBHLC (the continuation you are referring to). In my eyes it was an IB break to the downside. Then that 50% fib brought us back and we closed back inside the prior range. COULD be construed as a PB if one merges the two bars visually.
That's why we moved up afterwards in my opinion.
Things have been ugly on EURUSD on that corrective move, there were quite a few "fakes"...Ignored
Never say never.