This chart is in monthly downtrend, it has broken weekly support also 50% fib. However price is right now at daily support, I am waiting for price to break daily support on 4 hour chart whilst also breaking the liquidity trend line as this gives me confirmation that price could potentially be going short, However I will wait for retest before making any decisions of going short.
Another reason why price may be on strong downside move is because price is being rejected by monthly counter trendline.
Another reason why price may be on strong downside move is because price is being rejected by monthly counter trendline.