Current pause doesn't change the core

Morning everybody,

So, it is difficult choice today what picture to show - either 4H or 1H. Finally I've chosen 4H, since it better represents the idea.

Major thing has happened already - irrational price behavior on daily chart suggests drop below 3000 and potentially to our 2800 target. Thus, intraday price action is minor episode in this process
and has no meaningful impact on the core. Current pause appears due market reaction on support area - 5/8 level and AB=CD completion. So, in fact we have "222" Buy pattern here.

AS a result we could get retracement to ~3800 area as a reaction on this pattern. You could even recongize minor reverse H&S pattern on the bottom right now, right?

If market will start dropping below 3500 within few hours - it will mean that no retracement will happen and downside action will continue.

Whatever scenario will be realised - it has no impact on the major idea. Thus, getting upside retracement will be chance to go short, or breaking 3500 area also will be downside continuation.
This tactical setup makes no impact on bearish scenario.