5 Jun 2015 - Correction Over?

Are we seeing a trend reversal and a signalling for an ending correction? The reversal candle seems to be in agreement of this while it is stuck in between the 75 day MA and the Lower BB line.  So far the signal line we were expecting to enter the Daily OS range has not occurred, so I would guess coupled with the intra-day moving out of is OS has most likely resulted in a undecided price behaviour. 

On an EW pattern though, the 60min. chart seems to show a impulsive move early in the morning that was followed by a 3 wave pull back.  this could either be another move to a corrective rally or a start of the move to higher highs.  Indicators however are still in a bearish attitude closing out the week.  Things could change by the end of the weekend so we should be mindful of both scenarios.

MT: DOWN
ST: DOWN
PA: NA

Bearish View: 15 Min. chart.