On the daily timeframe, there is a full upward retracement to 0.618 Fibonacci level from the last downward zigzag movement. At the retracement high, the second consecutive candle already shows a reversal signal. The penultimate candle indicated a bearish overlap, but it did not work out, the high was rewritten again, and now we have the last daily candle. It resembles a candlestick reversal pattern called a "shooting star." This is a strong reversal signal, but it requires confirmation of the reversal process, i.e., a daily candle with a bearish body and a close below the shooting star's low at 1.3503. Let's see what Monday will show.
