Weekly chart, as you can clearly see the market is moving in a downward channel. I expect this to now confirm the move to the down side with the most recent double top at this previous support / resistance zone. Last candle we can see is a bearish engulfing to the previous week. Now we need to find an entry on the smaller time frame to look for a selling opportunities. Every time the market has been rejected from the trend line we can see with the previous times that we have had some big wicks around these areas, indicating the bears are really pushing from these areas.
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