(BABA) 1H - Bear harmonic patterns + Negative DivergenceOn July 21, price made a successful test and re-test of the Schiff Median Line(black) and rallied to new highs. It has now printed four distinct bearish harmonic patterns. Note the overlapping PRZ's and the price rejection @ 102.43(HOP level of the .618AB=CD). I have plotted the NHR levels(purple dotted) and targets for the Crab patterns(green). I've also plotted a 0-4 Action/Reaction line set(lavender dashed). Note how the action line originating from the July top pivot has a series of six interactions with price(July 19-31). RSI is clearly showing Negative Divergence. Price action since July 28 has the appearance of a discordant 3 Drives Top pattern. The recent reaction has printed an Entry Confirmation Line(blue horizontal). The grey lines above the patterns are Harmonic Optimal Price lines associated with the patterns. Entries based off of this analysis should be made above 101.08. The ideal entry was at the interaction with the 0-4 A/R set when it occurred above the PRZ's. I would not be surprised to see a gap down tomorrow, but I am wishfully stalking for a re-test of the ECL entry.