We had a decent steep decline in price but as always price has to correct itself. Weekly s1 was a good place to start that correction. Right now we could be looking at a strong resistance at 23% fibo of previous wave or even 38%(which I think is less likely looking at the bearish momentum we got). I'll add to my shorts again near the green dotted line. Huge negative divergence on a weekly chart, price action and candlestick formation(bearish engulfing) makes me confident in continuation of the newly formed downtrend.