Expected downturn incoming. Will the levels hold?

No entry. Look to see a break to the upside for continuation of the pattern for a long. Retracement expected but will it break the channel? Look for short on retrace if channel is broken with confirmation.

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Long Confirmation at 3250 with volume to the upside. Wait for retrace and bounce back to the upside.

Short Confirmation, breaks 2800 aggressively with volume, entry on retrace