We had finished our 5 minor waves in smaller timeframe on 5th Jan that presumably be the motive movement.
The last trading session on the day had closed the week with bearish engulfing candle. As such, we shall foresee another big movement towards new lower low beyond 11th Dec value of 1972.
Nontheless, the major uptrend is far from over as the market still have yet to fullfill our Wave 4 characteristics.
HTF: Uptrend LTF :Downtrend
Short : 2061-2080 SL : 2092 TP : 1938
*This shall not be treated as a financial advice. Trade at your own risk.*
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