$D is reversing as expected since it break down the support I stated before on the 4H timeframe.

Again, this kind of trend is a great one.
It plays out 80% -90% of the time.
There was a time in the market, late 2023 where this was the only trend pattern I traded.
I developed a complete strategy on it.
But there is something you need to know.
As the trend wave repeat, it gets weaker from wave 4 and 5.
Sometimes if the trend is weak, the weakining start at wave 3.
But if it's strong, weakining starts at wave 4 & 5.
Hardly to see wave 6, 7, 8, 9 & 10 except in a bull run.
$D has printed 3 waves, about printing wave 4 with this current reversal.
But $ONT printed wave 5 and I think strongly it won't go for the 6th wave.
Check both charts to see what I mean.
The wave structure was derived by Elliott wave theory.
So, it's 50% to 90% safe to say that the penta wave (Wave 5) is always the top and time to start building short position.
As such, it's a good time to start building $ONT short.
And also a good time to build short on $D after the 4th wave is completed. Which the current reversal.