H4 - Price broke below the bottom of the channel, currently it looks like a retrace is happening, bearish flag pattern.
H1 - Bearish divergence, if the price moves lower and breaks below the bottom of the bearish flag pattern we may then look for more bearish evidences in order to join the bears.
If you want to be more conservative then wait for the price to break below the bottom of the H4 channel again. You may then look for more bearish evidences in order to join the bears.