SPX500 | Bearish Breakout of Channel & Structure, RSI Divergence

See chart. Very interesting fib reactions throughout the channel. Rejection at $2890 where three distinct fib extensions converged.

Bullish trend is not yet invalidated, but the setup is very convincing. Looking for confirmation to short.

Trade closed: target reached

Comment:

Update: possible bullish inverse h&s

Comment:

Close to neckline, but neckline is still in tact