Looking at the chart setup, we're likely to see further downside in the near term. The price action is showing classic bearish patterns with resistance levels holding firm overhead. The technical structure suggests momentum could shift lower as key support zones get tested. This kind of price setup typically precedes a significant move down, especially if volumes confirm the direction. Traders watching this move will be paying close attention to how these levels respond—any break below current support could accelerate the selling pressure. The chart evidence points to selling opportunities on rallies rather than chasing upside at this juncture.