looking on the daily chart this shows the multi touch confirmation of the ascending channel.Now if we implement the bars pattern from the prev impulsive bearish move you can see a similar pattern occuring,where price reversed on the trendline as a pullback,which may manipulate a lot of traders, trapping them on the wrong side as they judge it as a bull run.Hopefully we may be looking at a big move to downside,lets see what happens.
Disclaimer- I am a beginner in trading and i am open to contrasting views.please feel free to let me know if anything can be explained better as this is a way to journal for myself :)