- Entered a downward channel - Rejected the 0.786 fib level - Below 200 day EMA on H1 - Below and rejected 50 day ema on H1 - Below 200 day EMA on H4
- In an upward channel - above 200 ema - hit 0.786 fib - above 200 and 50 ema on H4
- Down trend - Below 50 and 200 ema on H1 and H4 - Creating lower highs and lower lows