Bearish downtrend channel with lower lows and lower highs to confirm bear structure. There was a break and retest of an older 4hr uptrend. At the retest level, we can see a rejection off a new resistance level that was previously a support level as well which lined up with a Fibonacci level. (important and key factor). The final confirmation for entry was the three candles reversal pattern which doji in the middle followed by the engulfing bear candle.