Where last week we saw a flash crash but still a candle close above the weekly low, this week we had a break of structure and a switch of momentum. This is a first time break and not yet a confirmation of a switch of trend. Therefore we need a second lower low.
This is a first indication that the bears want to take power.
In order for the bulls to regain power and confidence, the first level to breach is the 3.82T level (prior lows). If we see a weekly close above that level, we can expect further upside movement.
