This week’s highs were already made into the scenery behind you. Prices kept sliding lower, and the moving averages were pressed against the price without being able to hold it up. On the four-hour chart, those bearish candles came one after another, pouring downward. Momentum has clearly turned to the downside: sell-side orders are pressing down actively over the buy orders, and open interest is still shrinking. The bulls aren’t just playing dead—they’re really lining up to spit out their chips. After they dump this batch, the decline has to continue. As long as the trend hasn’t turned, going long from this position is like using your position to prop up the direction of the drop—this market’s underlying tone is clear enough; there’s no need for anyone to come and smooth it over.