1W Channel Down continuation. Short.

Friday printed the most bearish 1D candle (-9.99%) since March 29 (-10.61%), beaking February's 6,000.0 bottom. As posted since May 29, if 6,000 was to break, the price would be directed towards the 1W MA100 = first 5,627.4 and SMA100 = 4,565.1 in extension. Keep having the 2014/ 2015 bear cycle as a model to construct your strategy which should be selling on strategic spike intervals. Since June 11, our confirmation points to go short were either 6,000 or 8,327.90 - 8,719.20 (whichever came first). The previous longs were closed on the 6,5000 support mentioned previously. 1D remains a Channel Down (RSI = 32.533, Highs/Lows = -341.0794) and 1W broke the Descending Triangle (RSI = 42.074, ADX = 33.528) and with a new (even marginal) Lower Low coverted into a Channel Down too (Highs/Lows = -1339.0542). Out TP set = 5,627.4 and 4,565.1 although the latter me be realized in late August according to the 2014/ 2015 bear cycle models. For the short term this shows two potentially identical 4H Channel Down's (RSI = 25.035, B/BP = -639.6581). Based on this after testing 5,500 the price should rebound (yellow parallel lines) and consolidate around 6,000 for a period of two weeks.