Newbie in TA here - so bear with me!
Drawing some trend lines and channels and EMA50.
It looks to me:
- We are overbought (RSI)
- We hit the top channel resistance and moved down
- We are on the EMA50
From there I suppose we could be going down within the channel and maybe hit the long term support. That's my expectation.
Our we could bounce on the EMA50 and...