5am pumps are terrible for my sleep schedule, the chart is messy but no time to clean it up right now. Reasons to go down from here that I see are: 1) rejection at Daily kijen line 2) a 9 on the 4hr TDsequential (not shown here) 3) .500 Fib retrace = 6.7k, , .618 fib = 6.9 4) Long term trendline resistance from 20K top to 7.5k top (Thick Red line) which to date hasn't been broken 5) Horizontal resistance from June/July at 6.8k 6) We're still in a major downtrend.
Wouldn't completely close your long if you had a low entry, but might be a good time to start scaling into that short.