I've been looking to short but since 1170 is holding then there's no initial signal yet. The last formal short setup was between 1155-65 and bulls defended the 50 lvl.
Long setup:
Retracement 1170 or 1165 wick for target 1193/1206.
If this bullish wave 'a' is a 5-wave move then there ought to be another wave up. 1192 is safe because bulls prefer to hit 161.8 reverse fib (black). Yearly pivot 1195 may also block. But 1206-1212 is a juicy short.
Short setup:
Simple setup 1170 breaks then bulls fail to break 1185 high. Can easily happen - 138 reverse fib rejecting and congestion area - but I'm waiting for that initial signal first.