Price just bounced off a psychological level. The channel break has signalled a sell position and a break of the consolidation box will act as confluence. On the 4H there is a head and shoulders pattern that is potentially forming
Komen:
Trendlines had to be adjusted and uptrend is still intact. Price could be potentially be going for a double top before the drop. Bias still remain bearish unless price shows us otherwise around 1.24970 area