es heading to 3450?
As you can see , there is a clear downtrend from the point of EW wave count and more than that you can see head and shoulder being formed . Only thing is right shoulder too fast too sharp there fore one more push to 3950 to 4000 level can be possible to make it more reasonable . However the trade is pretty much break of trendline and retest of it , . Either way we should be hitting minuimum target of wave c if the move is downtrend . play safe and i will update the analysis next week .
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Disclaimer
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.