These are short term considerations.
From what I can see, I wouldn't think that it is in downtrend. We had that nice little impulse that might continue to have influence on the next market phase. So I would wait and see what happen to the price near the two areas I've drew on the bar chart. Keep in mind that on that timeframe things can change suddenly, so always prepare for the worst. The areas have to be intended like classic support and resistance. A price confirmation is required.
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