Corrective downswing wasn’t completed yesterday after all - market lacked just 3 cents to do that! Thus the day was closed by bullish inside bar, which can’t be regarded a long-signal exactly because of the absence of full-scale downswing in the structure.
This keeps a probability of new decline to the region of yesterday’s lows (1458.33).
Local structure has tangible higher low and it’s one of the attributes of upward reversal. Upswing can quite reach the pivot-level 1471.00, where we can face sell-offs again.
Growth in direction 1471.04 and then downward reversal to 1465.00 and 1458.00.
Longs to 1471.04.
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