If the M pattern breaks out, likely target will be 5600 level. Most breakouts fail, so I'd look for a breakout, re-touch and fall to target. A slight breach is not enough to short at this level. Price could explode upward with one comment from you-know-who.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.