Possible outcome of the channel are briefly describe on the channel,
Breaking down will lead to a retest of the following levels:
7925 (weak support)
Potential Reversal Level
7680
7585
7495
Bullish Defender Level
6990
6805
Below these above listed level, it signal downward move again which is END of the BULL. Mean back to 6000$.
If price eventually breakup the level to watch are:
8400
8755
9000
9250
9935
If all these resistance level is achieve then, another form of correction will set in.