On the 4H timeframe, we are on a downtrend. We have a double top which supports the sellers. Asides that, a wedge has been formed which supports the fact that we are soonest heading to the 0.5 Fib level. For conservative traders, wait for the break of the lower trendline of the wedge and enter sell trade at the retest of thesame line which will be possibly at the 0.618 Fib level which serves as a confluence.