Consolidation or Distribution

DLF CMP 871

Fib - though the correction has halted at 38.2% from a higher swing which is strength. There is one very major point to be noted. the time correction is very long and that is not good news.

Trendline- the break of the trendline and retest is telling me to be careful.

RSI- every rally is unable to move above the bear zone. this is again negative. Therefore the negative divergence on the highs should be taken seriously.

Conclusion - to me this consolidation is distribution.