A down slope of MACD and Signal Curve hints a further pullback.

Traditional view, some arguments for bears (Hourly chart)
Looks like a Bear Flag or a Rising Wedge. That all favors a formation of a H&S pattern.
A down slope of MACD and Signal Curve hints a further pullback (may be after a small push up).

Elliott very short-term bearish view
Expect a formation of an abc corrective pattern in a bullish scenario.

For longer time frames please review my last 2 posts

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