As we can see the price was rejected from a PinBar candle near a strong resistance zone, but this doesn't mean the trend is going to change direction.
We can also observe 2 other new wave developments:
1.Consolidation of the price above the pattern.
2.The support line held quite strong.
As long as the price is above the bullish pattern we are still on the Bull's road.
The price can move higher. Anyway, manage your risk and trade with care!
Thank you and Good Luck!