If 13,579.21 is the peak, then we are about 360 points to go before something happen.
And what could possibly happen? Well, it could either breakout from the resistance and continue to head higher. Or, based on historical pattern, it should correct for a while before going up.
To buy now present an unknown risks, i.e., there is no precedent pattern to based on how high it can revisit. It is anyone guess. Also, the timeline to hold appears relatively short as it is near to the top, meaning I have to either take profits fast, have a larger SL ,etc.
So, for this pair , I will skip buying for now and continue to monitor its progress.
As soon as the US - IRAN dust is settled, the investors would be coming back to the equity market once again. So wait a while more.