The strategy for shorting at high altitudes still overestimated the speed of the rise. The upward opening has significantly contracted, showing signs of an increase. However, it has not fallen as expected.
However, at the important node of 110,000, the speed of the rise is clearly weak. The bull market has stabilized for nearly a month, which is enough to prove that the support below is stable.
While going long at low levels, one should not forget the concluding response at the node of 74,000.
Conservatively, the focus should be on shorting: short near 112,800 down to 109,000.