Market has retraced the major imbalance and now created a double top. It also broke Fridays consolidation, and created a new low. After the new lower high is created, wait for it to break structure again (lower low) for stronger confluence. However, you can jump in for a sell at the new lower high. Only reason I won’t is due the macd retracement.
It will have a pull back then carry on for a sell. After it reaches to the next support it should go back to the top. The point of pull back is unknown so it is a patient game.
Wait for the impulse to happen in the 30 min chart , a retest that's strong . Most likely check the 1H for it and sell down near the trend line. Fibinnaci showed it can go lower but it's safer to trade near the trend line . Jump in when you see a strong sell candle.
Breakout of trend then a retest. After that it will carry on being a sell until nearest support and maybe even another breakout or just a fake out like before.
