It’s quite reasonable, that such a long upswing has driven market to steep downward correction, that can be observed today. Supposedly the target of pullback might be the 1302.83 level, where the mid-term pivot-zone resides with potential significant demand volume.
Local structure has lost the low at the 1327.30 level, that confirms short-term downward reversal. At the same time a prior upswing can take place to the 1340.00 region, from where we might go short actively.
Main scenario: Upward pullback to 1340.00 and then downward reversal.
Alternative scenario: Continuation of decline from current levels in direction 1320.83.
Longs towards 1340.00.
Shorts from 1340.00 towards 1302.83