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Thoughts on #RIF:
$RIF forming a bear flag on the 4H after a sharp impulsive move down, with price now consolidating inside an ascending channel. This structure typically signals a temporary relief bounce within a broader bearish trend.
As long as $RIF remains capped below the upper channel resistance, the pattern favors continuation to the downside. A breakdown below the lower boundary would confirm the bear flag and open the door for another leg lower, while a strong breakout above the channel would invalidate the bearish setup for $RIF.