Within this prolonged descending channel we have a bearish engulfing right at the resistance of the channel. This is a potential reversal from the small rally.
A bearish indication within a downtrend is trading along the trend. Open lower time frames for further price action confirmation.
Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.