NIFTY BANK ANAYSIS

A possible breakdown it seems is on the cards for Nifty Bank, as this chart in hourly time-frame suggests
the setup seems building accordingly
1. it has formed a double top at the ATH of 38112 & being an ATH it is most likely to act as a resistance, until broken decisively
2. OI data indicates 38000 has the most number in terms of call writing, which again indicates 38000 as a major hurdle
3. the price action of last trading session has formed a descending triangle which again indicates a journey southwards
4. the RSI is showing a clear and remarkable divergence with price as can be seen in the chart
5. the momentum indicator is also showing a southward inclination and is also showing signs of slowdown
6. MACD is turning into a bearish crossover, the MACD line is about to cross the signal line from above and is heading downwards

I would love to know your views about these observations