NASDAQ Weekly Cycle / Breakout of Bull Channel / Daily

I mark up NASDAQ weekly cycle below:

Breakout phase started in March 2020 and after first pullback, NASDAQ started its movement within bull channel.
Recently it broke its channel from downside with strong bear candle closed near its low and no lower tail. Also the close of this candle is below prior major low. Altogether tells us that we are not longer in bull trend. Bull trend is now ended!!
After breaking bull trendline and close below prior major low we have 2 scenarios:
1. Trading Range Phase 2. Reversal Down Phase (2nd Leg Down)
Checking daily chart for more details. We see series of bear bars with no deep pullbacks that broke bull trendline. Buyers enter the market at 13880-14067 and push price higher but as you see bears sell again at 50% PB meaning that bears still in power.
Strong legs usually have 2nd legs, like here we can expect 2nd leg down to happen if bulls couldn't push price higher. So I thick 13880-14067 will be tested again by bears and they will try to break it. Watch this zone to recognize what will the next market cycle phase, trading range or reversal down.

**This is not an investment/trading advice. Your capital might be at risk.**
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Good Luck...