Big Boss says that last month's bearish candle below resistance is still in control even though it's trapped between 1.3600 and the 38 fib.
The Boss however is saying that last week was a BEEB that closed under resistance. On top of that, the Boss is still making LL and LH.
The Worker might in fact be getting ready for a turn around but the Boss is going to have to give me some different orders before I start looking for a long.
Also bear in mind that the HH on the worker is due to a gap and not an orderly price movement. Yes, price mightcontinue making HH and HL but the boss is saying different right now. To go long at this point, even with PA, I'd have to see a break above 1.3800 with a retest. This would, on the weekly scale, be a better sign of a turn around.
Another point of view to consider is that we could be entering a range Betweeen 1.3800 and 1.3300.