On the daily there's clear signs of bearish rejection with the market already entering the reversing stage. Going down to the lower timeframes, market structure has changed to accommodate the bears, adding confluence to my selling decision. An important thing to note is that the market has just opened, which gives opportunity for a sudden bullish spike that can take us out, so enter with low risk to take this into account.
Overall, a very clean setup in my opinion.
Trend Analysis

Penafian