I have seen this a thousand times. A channel created but a horizontal reaction line ( providing support) and a down sloping reaction line ( resistance) which pushed prices lower with lower highs but with support keeping us from seeing lower lows. You cannot guarentee which way price breaks and i still favour the downside however we will go up and test the reaction line again and will eventually break out either way. Break up over 1715.75$ would be a buy....or we may find price chanelled down to the 'corner' where we see a break either way. Whatever happens it will be a decent move as this pattern always ends in such a way. ML's/mini forks are of no use once this pattern is underway so cannot be used to predict price direction as you will find that if you draw micro forks they are always 'fails both upsloping and down sloping.
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