On the 4 hr
has printed a Bear Flag
or (ascending bearish wedge
), and also about to run into the converging 50MA & 200MA. It is testing the bottom of our 2.5 month long, ascending recovery channel, the RSI
is showing us Bearish
Divergence since about April 30th. We could easily retest 8200 and step down to 7700 & 7300.