The 5 ma daily was support on friday and the bulls were in favor.
We see a declining 20 ma daily. Technical is this situation a bearish signal. Wait for signals in the smaller frames to go short if you are a defencive trader.
5 ma and 20 ma daily are bearish but 5 ma and 20 ma monthly are bullish. Trade what you see in your choosen timeframe. It's all about training every day.
The bulls were in favor on monday and tuesday but we saw a rising 3' and 5' timeframe in a bearish scenario in the daily frame because the 5 ma daily is below the 20 ma daily. The 5 ma monthly is still in play.