CL1! — Bearish: back inside the descending channel, watching the

Thesis (1h):
Price had been sliding within a broad descending channel (grey). The counter-trend recovery shaped a rising channel (orange). Yesterday’s attempt to resume the advance from the lower orange boundary failed and turned into a bull trap; sellers pushed price back inside the grey channel. Bears confirmed control at the red line (resistance/retest).

Map:

• Clear supply pressure after the failed bounce.
  
• While price stays below the red line, the base case is a drift toward the channel median (the “magnet”).
  
• A momentum extension could target the lower band later; not the main case yet.
  

Invalidation:
Sustained acceptance back above the red line and into the orange channel would neutralize the bearish read.

Educational only. Not financial advice.