Here is my Weekly chart with Bit more explaining the short wave . Short From 56.50 till 20.00 will be in ABC Formation ( As it is a Corrective Pattern )
Further division of ABC as bellow : A= 12345 B= abc C = 12345
Trade Plan :: Lets wait for the Completion of X at 56.50
I will wait for (i)of A to complete (ii) of A will be a Pullback there after a Congestion I am going to enter into short trade at start of (iii)of A
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.