I have posted a potential head and shoulders pattern. Upon breaking the trend line, you fell below supports before rejecting further price action and running back up above our support line at about $8285ish. You are forming bullish divergence on the 4 hour although not the strongest divergence. You are also showing lower levels of volume during our last impulse down. Head and Shoulders measured move takes us back down to the bottom of the rectangular channel we have been in for a few days now. That being said, it is possible we may not see it right now as we are showing bullish indicators for the time being.The safest long position to take is of course at the bottom of that channel, but we may not see it. If we do run up, our next critical resistance will between $8450-$8500ish. Above that is around $8800. Despite the bearish Structure we have formed, price action to the upside is very possible here!