A potential short setup can trigger due to following reasons
1. A long time Trendline
2. Recent move's fib level 1.618% is completed.
3. A resistant area.
So a short can be done once there is a confirmation in 4hours timeframe.
1. A long time Trendline
2. Recent move's fib level 1.618% is completed.
3. A resistant area.
So a short can be done once there is a confirmation in 4hours timeframe.