So as you can see in the chart,it looks like forming inverse H&S (yellow drawing) or making a little dip for downtrend.

It is considered as bullish (in short time) when it has formed as my yellow drawing.this theory is backed up by H&S theory

It is considered as bearish when it has break the trendline which is supporting this downtrend in short time.this theory is backed up by the eliot wave theory.
Chart PatternsWave Analysis

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