Interesting to see a trade pattern similar to yesterday. Near...

Interesting to see a trade pattern similar to yesterday. Near 4pm knock down; then quickly rearranged Algo orders to spike back up and build a tail.

In any case here is where we are on the chart (It doesn't show the latest candle).

Yesterday, we momentarily broke down the main uptrend channel. So, if we want to remain hopeful for the medium term, we need to maintain the new green channel. We are still in that red downtrend channel. But the candle tails (both today and yesterday) are somewhat promising; and also the fact that today we made a higher low. All seems the be an orchestrated chart-making work (for good or bad I don't know).

Anyway, we need to get out of that red channel. Given the tails, there is a chance that the chart is transitioning to the purple uptrend channel. We should find out more in the next day or two.

Obviously if all goes wrong, then there is a gap to deal with.