The weekly timeframe outlines a bigger bearish flag pattern with already prior 3 touch confirmations followed by lower lows towards the bottom of the flag. Considering the approach towards the bottom of the channel we see a lower time frame (4hr) flag pattern which we can evaluate from the analysis I have posted above.
Trade active after the third touch confirmation on the top of the bearish flag pattern, will be forecasting a break towards the downside. I have mirrored the bearish leg using the bar tool to display similar movement that we can expect.