The little choo-choo train tried but couldn't stay on the hill and is sliding backwards. Who greased the tracks? And where is this going to stop? Let us drill down to a lower time frame.
Uh-oh, based on this structure we are going to hit the bottom of the channel, go back to the top of the channel, then take a dive to who-knows-where. This is not written in stone so don't get upset. The test will be how price reacts to the touch on the support channel. The selling that took us here looks somewhat impulsive so we need to see if more follows.