Strong Resistance from fib and 2 trendlines. Placing a long right now won't be a good idea. Wait for a breakout for a long.
Kommentar:
Consolidation around 11k ( resistance turned support) is much needed for a bullish bias. With a candle closing above the resistance.
Kommentar:
So both 4H candle closed above the resistance. A long at retest 11.2-11.3k can be made (only if it stays there for long enough so that RSI comes again at almost 60). Right now RSI is almost 80 in 2H chart and placing long would be risky.
Kommentar:
Edit: *both 4H and 2H candle closed....