Here is an alternative view.

If you understand the different phases of market movements. I should not have to explain this.

I just have to make you aware that this actually is a possibility and one that has a great RR (about 6). Which follows my trading plan and follows my triggers.

* 3 touches at the top of the channel
* 3 touches at the bottom of the channel
* Break of the main trend that was following the bullish momentum
* Currently in Phase of retest and rejection before it falls
* The bearish candlesticks had more power going down than the bullish ones moving up

I've got 5 confluences
This is now on my considerations
Chart PatternsdowjonesG-CAPngwanemoneytop30US30

Disclaimer