Short idea Using R/S + Trend + fib

Price from a down trend tunnel is making a strong push to the up side on the daily (Purple) chart. Right now it's consolidating between the 4H (Yellow) support and resistance levels . Price is rejecting the 4H resistance level. Waiting for a break and then a pullback to confirm a short position. I'm expecting price going down to the 4H support zone. From there it could even break through towards the Daily support zone (nearing the uptrend line).

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