So as you can see in the chart,it looks like forming inverse H&S (yellow drawing) or making a little dip for downtrend.
It is considered as bullish (in short time) when it has formed as my yellow drawing.this theory is backed up by H&S theory
It is considered as bearish when it has break the trendline which is supporting this downtrend in short time.this theory is backed up by the eliot wave theory.