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Inverted Cup and Handle Forming?

Updated
Looks like we might be going down. You don't typically see the Cup and Handle forming very often, but it looks like this one's taking shape inverted. If it takes it's shape and forms the handle, then I'm thinking we're going down from here.
Note
Looks like it didn't form the handle and kept going upwards in a channel. Most likely not going down for a little while but we're close to the ceiling.
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