Channel Down continuation. Short.

EOS remains on the lower echelon of the new 4H Channel Down (orange shade, RSI = 35.837, MACD = -0.075, Highs/Lows = -0.4283, B/BP = -0.6345). However it is well supported on the previous uspporting line (yellow) hence the neutral STOCH = 45.683 on 4H, which assures a smooth decline below the pivot (blue dotted line). As we see on the chart this has created a 1H Rectangle (ATR = 0.1341), which is a recurring pattern from May 11th - 23th. Typically this should drop a little lower before rising towards the Eclipse. Still out TP = 7.4356.