Main items we can see on the chart:
a) The price broke an ascending trendline
b) After that, we can see a huge corrective channel (purple lines)
c) Currently, the price made a small breakout, and we can see a slight correction on the edge of it.
d) IF the price breaks below the structure and reaches the red line, we will take it as a solid confirmation of the short view
e) Our Target will be the lower trendline of the weekly channel