Why exit a trade just because the price moves back a certain number of points? If the initial trade setup was sound and risk is managed with a stoploss, wouldn't it be better to let the trade play out until the defined stoploss?
Basically, why exit early? A small pullback might ...
Good analysis, thanks! Do you see any specific catalysts in the near term that might trigger a move below 55,036 or conversely, what could fuel a breakout above 55700?