Have mentioned in previous posts as well, we will test the puprle level indicated in the chart, a pull back only to move higher? - Time will tell.
For now we trade on this pull back with target of 16400 levels.
This is a neutral trade, once we reach 16400 levels then again we can go long for further higher targets and eventually we have to short from the top again.
I don't thing we have reached real bottom yet and therefore this is just a blessing for traders - another easy opportunity to trade and earn profits.