RTY Downtrend Channel (Revised) 7/10/2020

This is the RTY at the 4 hour view. The RTY is between 2 channels now. The two white lines are the bottom of my former uptrend channel. I'm showing that the RTY is at a crossroads between an uptrend channel and a downtrend channel. The RTY's fate really depends on the financial sector (XLF/FAS).

I'm aiming for high probability, high reward support and resistances myself. A high quality support is around 1350-1360. A high quality resistance should be around 1455. They seem far away now, but the RTY has been surprising everyone for the past 4 weeks now.