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: .
As soon as the price pulls back, I will upload this idea for premium subscribers.
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