The green daily close and support the inverted pattern.
If this pattern were to come into play, the price action cannot retrace to the common retracement area of .786 of leading diagonals. But that's alright as the .618 level is being defended strongly and a retracement that steep is although common, but not necessary.
All in all, today (July 14th) is critical to watch as we approach the weekly close.
More updates to come.
we also have a triangle formation in lower TFs, we have to watch out if we trade below the dotted line
This is a H1 chart, we broke upwards. A retest can be seen in the 15 min chart.