Is BTC forming a bearish pennant?

I'm still pursuing the overall bearish scenario, but I also think it could see a short-term bullish case at the same time.

If a red pennant forms, we would see a rebound to 26.7k-27.2k, followed by a steep decline as wave 5 of the impulse continues. Invalidation on breaking the lower red edge again.

Comentarios:

A red box on the upper right is a potential target in a less likely bullish scenario.
I'm going to sell more from around 27k up.