$RIVER — multi-timeframe structure update

03 Jan 2026, ~14:00 UTC+2

1–5 minute

Clear descending structure

Lower highs and lower lows

Price below EMA21 and EMA50

Reactions are brief and quickly rejected

Conclusion: local bearish control

15 minutes

EMA21 below EMA50

Price below both averages

No recovery above EMA21

Conclusion: valid short-term bearish trend

30 minutes

EMA21 / EMA50 bearish cross confirmed

Previous growth structure is broken

All reactions remain below EMA21

Conclusion: active bearish structure

1 hour

Price moved below EMA50

EMA21 turning down toward EMA50

Last bullish impulse is invalidated

Conclusion: intermediate trend has turned bearish

4 hours

EMA21 still above EMA50

Large distance from the prior impulse

No fully formed new structure yet

Conclusion: higher TF is in transition; it does not confirm yet, but it does not contradict the lower-TF bearish structure

Final synthesis

The bearish move is driven by the 30m and 1H timeframes

Lower timeframes confirm and sustain the direction

The 4H timeframe is delayed due to the previous expansion

The downside trend remains active until invalidated on 30m / 1H

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