Falling wedge broke out on 4H time frame with an ABCD pattern .
Retracement of C projection is 0.548 and BD is 1.534. Can expect a good rally as the strong resistance of 1607 got broken .

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.