We have to chart patterns we could consider in this trade and both weigh heavily on the bearish side of things:
1. We see what could appear to be a bearish H&S. 2. We have a downtrend channel. 3. Price seems to be breaking support.
For now we should wait for the completion of the move before we can make any final judgments. I will be waiting on a completion of the break, retest and confirmation to the downside!
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