Price closed below the MavilimW indicator signalling a sell, tenkan-sen which supported us all throughout the rally became resistance and recently on the last 4hr candle came back down (also crossed below kijun-sen which is bearish
) to become support again combined with the top of the big ichi cloud. this is basically the last fortress before a freefall to 8250 to 8350 could happen or we could bounce back and the support holds i'm biased towards the drop but i think we might get a fakeout stop hunting first.
Short if at least a 4hr candle closes below 8600
SL : Kijun-sen (red line) or the MavilimW indicator (green line)