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Right now, the market is being led by war news, and technical analysis can mainly serve as a reference.
Earlier, Iran and Russia just released some news, and now four more sources have come out saying that the negotiation teams from the US and Iran will continue talks later this week in Islamabad. Coincidentally, it's Thursday the 16th; this timing is quite critical.
What to do next is actually quite simple—just watch the news. If there are reports of Iran's nuclear facilities being attacked / ground conflicts escalating / real fighting breaking out, then don't hesitate, and go ahead with heavy short positions.
Conversely, if a formal announcement of a comprehensive ceasefire agreement is made, then the market is likely to turn bullish immediately, so just go all-in on long positions.