Chart is self explanatory.
Any questions, please put in the comment section.
What are your additional reasons to go short and what would your entry signal be?
I do see the strong downtrend and the broken trendline however, when I look at it from a weekly perspective I see an engulfing weekly candle right at fib618 and a bounce right off a monthly level.
That's why I would be looking for longs.
I am just trying to understand and hopefully to learn because I like your style very much.
Trade your own timeframe. Different timeframe may give you different directional bias. Anyway, this is just my humble view. Always be reminded that I'm wrong more often than I'm right. Cheers.