Certainly shorting after a significant fall is not a great idea, especially as bulls may be looking at a possible .
The zones do not mean that the market has to obey them! The zones create probabilities.
An additional advantage is that that price is under a trend switch on the 4H time frame.
Scenarios to prepare for (notes to self):
1. Price rocks north and busts through both zones.
2. Price collapses now.
3. Price consolidates before moving north or south.
The big issue here is avoiding FOMO.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.