New red box above

Bias level held and gave a bounce, nothing exciting at the moment. We need a forceful break above 2940 to go higher. Level to level here please

Caution longs please. We've taken the first bounce, the 2nd may break below

We'll wait lower now

TIP:

The reason we said that was we already tested that level and bounced, for price to want to come back again without hitting the target level suggests they will want to take liquidity from below the order region, which is what you're seeing happening now. Some call this Buy/sell side liquidity, it's simple a stop hunt after accumulation in an order region.

Learn about this and market structure, the behaviour of candles and movement. It will turn your trading around!