Observe that situation. If You like gamble, play with exchange. I post it for fun not as analysis.
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The same for Zaif XEMJPY
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Look at the history of such behaviour only on Zaif (HitBTC is not good for this, thiner buy/sellwalls than others)
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As You can see price in many cases for this exchange retraces deep to previous formation (almost precisely to 0.5 Fibo beween highest and lowest price of such formation), and then we have bounce. I know that will not work forever, but in trend it's repeating pattern.