4H Channel Down approaching target. Expecting rebound near 9.000

ETCUSD is trading firmly within the 4H Channel Down (RSI = 42.146, MACD = -0.144, Highs/Lows = -0.0604, B/BP = -0.2995) and on its next Lower Low should hit our TP = 9.5050. This will be a Lower Lower for the commanding 1W bearish pattern (RSI = 38.303, oversold on STOCH, STOCHRSI, Williams), so a rebound is expected at 9.000 towards the 0.5000 Fibonacci at 12.300, which we will short. Update on that will follow.