The trend is strongly bearish as mentioned in recent articles (H4 DOWN - H1 DOWN).

I believe we can still see recent inefficiencies being filled.

The current price is in a daily demand zone.

With the volatility of the FOMC this week it is quite possible that the price will fill in the inefficiencies and then continue its downward movement.

Current price action is exhaustive continuation movement, the best entry for such movements is BOS/KL (inflection points).

I am interested in adding short positions above 4040.

Applying Elliott Waves (Actionable Direction)

Read the previous article to understand the context of the asset: