Update on that “confirmed short-term downtrend channel”
3x smalls, 15 min
1) the “box” target is questionable, as the box was too sloppy
2) overshoot of the channel line (smalls LOVE to overshoot and undershoot)
3) it’s actually a bearish “island gap” on the 15m (pink area line), although it doesn’t appear on the daily where it really counts. Nonetheless it’s a nice stop
4) bears are now testing the LOD. They need a LOD, NOT a higher low