Price seems to not respect the channel on the daily. We had a double bottom last week, it went up than we rejected a strong resistance and dropped very hard. I have a feeling we will be breaking that zone. It will depend on DXY. If it breaks, I will wait on the retest before I go short.
I will give you time frames view. Look at the weekly ,especially.
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That weekly close is pretty interesting. Broke the 20 and 50 ema, will it head the the 200?
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It is not making HL and LL on the monthly. I dont usually look at the monthly for my trades since I am not a position trader but you can see the momentum down.