This is a constant patter in forex. Doesn’t it look like a womans high high heel show? You see from the bottom left. Quad 3 of the chart. You see the the actual “heel”. Then a retrace up, then back towards low and flat line, which is the actual foot. You see it often, and the next move is an engulf on the 1m for more then 15 mins under a price of 12 pips from the price you see now, you have not had a big red candle engulf which sets off a new low, and leave a long tail.