On 4-hour chart we have bearish divergence accompanied by rising wedge pattern. Situation is potentially bearish . This pattern does not include additional up move right to 5/8 resistance and 1.618 ultimate butterfly target. In this case it will take shape of 3-Drive "Sell". But whatever will happen - either breakout right now, or after 3-Drive will be formed, anyway currently it looks bearish . Thus, as we've done with trading reverse H&S and closest target has been hit, we should probably better to wait a bit for further clarification:
On hourly action market shows absolutely reasonable action - 5/8 retracement after completion of AB=CD pattern. This often happens before market will continue move down. 
But particularly this retracement makes me think that hardly this reverse H&S will become really reversal pattern, that triggers upward action and put foundataion for butterfly "Sell" on daily. Because if it would be so, market probably should show more active and fast appreciation. But now, if even we will get continuation to 1.618 of AB=CD, we will just get 3-Drive Sell. Thus, marke just worked out it's targets from this H&S and turn to the downside. At least this is how it looks right now. May be some events, as NFP , or Debt Ceil, or FOMC meeting will change something....