How far? Don't know. Draw some Fibonacci of the entire downmove (from top to bottom), gives you some technical levels.
Watch the candlesticks that form around the Fibonacci Levels (trade the candles, not the lines)
I advice NOT to look for buys (you are trading a downtrend), but also stay careful with Shorts, the price needs a corection to the upside, the Fibs show possible entrypoints for building shorts.
No Retracement scenario:
In case of no retracement, keep trading the downtrend.
Have a nice day and don't buy into downtrends, it's not healthy
H4, keep it nice and clean
in my opinion if we want to short maybe we should wait 9.00 AM (London) .
We may be around 1.2025.
If the price break trend line resistance , move could be up for the next days.
For my part I am long and my target is the short area .
my 2 cents