The market was in an Uptrend, but it is now turning into a Downtrend.
As you can see we here have a bullish Parallel Channel. The lower side of the Parallel Channel is also a daily Trendline. This Trendline just got broken.
Now the market pulled back after the Breakout. Beside the breakout, something important occurs too: The lower low.
Now, the market is in a Pullback and if you consider the last top as a High, then it is a Lower High.
A possible entry would be the Break of the dashed Trendline.
Thanks and successful Trading :-)!
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Here is another confirmation for the bearish Movement: