Let's keep it easy here- If the daily closes above 5520, then we can reasonably enter. Otherwise, I would advise staying short.
Note
It managed to hold above 5520, but momentum was weak, so thus we had this tumble down. To be honest, I had chosen to stay short as the trajectory wasn't convincing enough for me, so I apologize if anyone longed as a result.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.