Evaluate the R:R before taking a decision.
Bearish short term.
It has reached at 2 cricial fib levels right now, so in the short term i expect it to retrace before trying for higher ( if thats possible).
Its hard to see an EW count on this structure, chances are its on small wave b since its a triangle and it will go down for the smaller C.
I will post an update as we have more data, hopefully on time.
About that inverse relationship, someone told me the same thing before but never bothered to check it, seems true so far.