Price is near Moving Averages 100 on the and it is a good reversal level. We can think about short trades based on hourly charts. Here is 4H chart with trend market conditions. If price reverses from 600 level and MA50, we'll be able to open a short trade below 580. Stop order should be placed above the and profit target near the . If price breakes the resistance, probably we'll have to think about entry levels for long trades.