As it is demonstrated on the chart above the main trend is bearish but before that we probably have a upward movement to the 3819.5 level. Notice that there is a small chance which price rise to the 3971.0 level and reach the upper line of the channel and retrace 61.8% of wave ((i)).
The trend you've identified is a "bullish flag pattern" (not bearish!), however you are missing the bigger picture - we have been converging in a triangle since the end of November.
@arash_summe, You're welcome. We're all here to share ideas and I love to read other people's perspectives. Looking at other ideas out there, a lot of people seem to be missing the huge resistance to going back over 4k... it would be the first higher high in over a year, hence possible but extremely unlikely.