Technical analysis –

The market has already broken a bearish trend and broken out into a descending channel .
A descending channel suggests that the market will enter a bullish phase once broken, but thus far is still respecting the formation.
Short trade was entered after the market rejected from the top of the channel and I expect to see a triple bottom on the bottom trend line before breaking into a long position to the start of the initial bearish trend .
At time of posting the market is set in an expanding triangle, suggesting the market is reversing from its bullish movement within the channel, reinforcing the short position to the bottom of the channel.
The higher time frame analysis still suggests a long term long position after the rejection at the bottom of the channel