Descending channel, corrective nature rejection from trend line would trigger the trade or break of pattern for a less risky trade. We will likely move up too HTF structure this giving us a longterm short position.
Trade active:
Active since 1 hour retrace candle, just bear in mind that it might not break now so make sure yours stops are not too tight
Comment:
Locked in for some profit.
Comment:
We will look for continuation pattern / hover under structure for a second entry, price could reject from this point also we will see.
Comment:
Current analysis seems less likely to go up to the upside as of now, still very possible tho.