I might be wrong with this pattern but I still think the reverse will happen, the question is: "when"? We'll just have to wait and see.
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The formation is not clear for me anymore, it looks like a rounding bottom, but it's a bit to big for the current downtrend. Anyways I'm still holding the trade, I want too see if it will be able to broke the trend line, this would be a good sign for the upcoming reverse.