The pattern is still valid. The neckline of the pattern is at 3209.45, breaking of which will penetrate the WMA-200.
If it happens, the long-term uptrend will reverse and may lead to more downfall.
However, if it goes below the dynamic support of WMA200, the next support zones are around 3100 and 2975
In the weekly chart, the pattern is also clearly visible and the support is around 3164(EMA-50).
At the month-end, we got a complete monthly candle. The monthly chart is still range-bound and made an .
Though the breaking of the neckline of the pattern in the daily and weekly chart will crack the range of the monthly chart.
Have A Nice Weekend!
Sorry for this mistake.
Technical Analysis is all about probabilities, not a certainty as such we can't predict, we just anticipate and play with odds with the if-then scenarios.
Thanks for your kind words.