Of course it's still possible but here I'd like to show you guys a strong support where the prices may struggle or even reverse.
1. 50% Fibo
2. At this level MAs 50 and 200 are really close to each other (they often act as )
3. Lesser round number (120.200)
4. Possible hidden divergence seen on
5. Nice (still not complete), where the D point ends at 161,8% Fibo of BC leg
As you see a lot is going on there so watch this level - a formation (even on M15 or M30) may cause a reversal.