Hanging Man after a rally

So evening star is out of question ...as we gapped up .
But on the charts there is a Hanging man formed after a prolonged rally which started with a hammer formed at 4588 . This hanging man is also formed at 200 sma at 5212.

Here is the day chart

here is the link to learn more about it .

http://www.informedtrades.com/4696-hammer-hanging-man-candelstick-patterns-how-trade.html

So now we wait for the confirmation , If there is a gap down opening , then it will first of the signs of downtrend resuming .

Hour TF ew chart is

Indicator s

Both hour and day chart s are showing OB with -ve Divergence. This to me means we should be going down now .

Moving Averages:

All Important MAs alligned in bullish scenario .

They are showing  no sign of any reversal ..

5 DMA is above 10 DMA .

5 Ema above 10 Ema .

Prices above most high ema s , above all close ema s and above all Low emas .

Ema s will show the weakness in prices by closing below the high ema and then going below low and closing .

First sign of weakness , prices closing below 5 sma and then

As prices close below that Hour low ema , I will go short ..

Fibonacci Retracements -->
We have done 80% of retracement of the fall from 5400 to 4531 at 5212.
Looks like we will go down .