daily shows a base & an accelerated . price was rejected at the and broke & closed below the accelerated . For shorting opportunities I would wait for a pull back up to retest the accelerated . That would complete a possible . This pullback would also align with the 61.8 fib retrace.
For shorts I would enter on the retest of the accelerated and ride it for roughly 300 pips to the base . Targeting the 1.618 fib extension area (labeled as -0.618 since I combined my retracement and extension tool into one).
There is also some slight divergence on the 4HR. the last touch to the accelerated (circled in red) to the most recent low after the break of the accelerated . This formed an equal low on momentum but on the chart it was a higher low...indicating a shift towards the downside in momemtum.
The only way I would look for buying opportunities is a break above the strong