Timeframe: Weekly
Prices are forming in the corrective structure A-B-C. Wave B has accomplished at 1697, and wave C is ongoing. We can see a window(gap-down) after the breakdown of the 7 and 14 Exponential moving averages, which shows a sharp decline.
Safe traders should wait for a pullback and sell only if the price trade below the 1700 level. Traders can trade for the following targets: 1336 – 1164 – 937.
As soon as the price pulls back, I will upload this idea for premium subscribers.
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Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.
This will help me to do swing traders. I think the stock will fall before the 1650 level.
Good setup. Thank you for the analysis.
nice👍
Thank you for yet another masterpiece !
I was looking for this type of idea, and I am glad you posted it. keep uploading this type of ideas.