More corrective mess

Price declined nicely out of the head and shoulder pattern. The ECB event was the trigger to that decline. The initial part of this decline seems more like a corrective wave, making the rest of the decline corrective aswell. But i have to agree that it looks like an impulsive wave if you sqeeuze your eyes a little while looking at it. Notice the shooting star candle going through the 50% retracement of the entire decline and a complex double three from the bottom where Y = 76.4% of W. A few conditions that could be enough to restart the downtrend. Then again, with a hawkish ECB vs uncertain near term greek futur, price could keep going sideways for the next couple of days/weeks.