You see after the down arrow how price made a return back up to the top of its range, then dropped back down to the bottom of the range, then made the new smaller range channel. Then the break down has to be viewed initially as only a break of the smaller channel. Then we wait for the test of the bottom of the channel to see if it proves to be good resistance. So far, price did rally to test the bottom of the channel, but it has not come back down far enough yet to prove that it is going to follow through with the down move.
(The price action of M1 indicates this is likely a failed up move. However, because no real commitment is shown by either buyers or sellers, price can easily go either way.)
To free Gazans of Hamas, use whatever it takes.
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