- It has two probability as either 5th wave extend further in diagonal structure OR it will correct down in ABC
structure. So as far as price remains below 12023.90, stay bearish
, but if price crosses above that level than price may form diagonal in choppy fashion. Sell with stop loss above 11975 for down cycle C wave for target up to 11750-650 zone with small quantity.
Give thumbs up if you really like the trade idea.