bulls denied

Oh well, the bulls just couldn't pull it off. Price looked like it might break out of this down trend line, but each test was sold.

 Price closed right on the 78.6% retrace, so the only thing saving this market now seems to be a double-bottom.
The daily charts 3/10macd has been showing 4d criteria (pullback following bearish momentum).  So the anticipation would be for bearish continuation (4c) or a squeeze to test higher resistance (3a).  In order to anticipate this daily chart setup we use a some faster timeframe, I like to use a 130-minute chart because there are three 130-minute bars that make up a day.
So, if you're looking to swing trade this setup (4d-to-4c continuation) the entry came on Thursday like so;

At this point it's important to watch for a bullish divergence as price tests support.  The faster time frames will give clues.