This bearish pattern
(64% of the time according to encyclopedia of chart patterns) is still intact. Price action nicely bounce off that upper descending trendline. Normally I wouldn't short here but wait for a breakout at 1.01640. Impatient that I am I did short anyway but with a tight stop above Wednesday wick. To me that candlestick
is a nice inverted hammer
or I have seen people calling that one a shooting star
China's economic announcements late tonight and this weekend should gives us a good indication.