First signals can be seen. Reverted from on this oscillator divergence unlike the previous run. Now testing the MA. If the MA fails, which it hasn’t for a long time, further downside is to be expected. If it bounces back to the red zone and reverses from there -well, defo correction.
Either way, it would make sense to take some profits now and wait for clearer direction. If you want to be conservative, wait for breakdown of MA 20, will go to MA 50, bounce from it to retest level and then short from retest level if it goes back down.