UJ is severely overbought and had a massive bull rally last week to take out the stronger bear positions. Now that orders have been wiped bank orders are now being placed which explains the spike downs of the previous candles. More downside is expected. A potential breakout of previous bear channel is possible. If not it will simply retest and reject back down. Both scenarios will work, just be aware of these potential stop hunts. As always do your own due diligence before entering the markets.