I think it is worth trying to go long targeting at least 360. There is strong divergence and pin bar probably finishing the fifth wave + quite oversold. Seasonally the bullishness might be in place for next 3-4 weeks. TP 360, SL 325.
I know it's overbought but it looks like for the reason. Bigs guys support long side and there is strong seasonality for next 5 weeks so prefer to enter long on any retracement of this strong trend.
Short trade setup. Seasonality supports short side and big guys look to be positioned for short side although the price action is not that convincing so lets see if the support at about 395 holds and then go short on LL(1) on daily.
Strong seasonality is coming although big guys are still playing short. I will look for support on higher time frame. Possible test of the 200 MA on daily would be a good try. If it holds then I will get long stop HH(1)
