M formation in play on 1h timeframe

M formation likely on 1h time frame before deciding to retrace, consolidate or continuation. To me the only thing likely to stop the bear is oversold condition. The journey to 1800-1700 look more real now though Relative Vitor Index showing some strange sign
Chart PatternsxausignalXAUUSDxauusdanalysisxauusdshort

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