A break of the lower side of ZONE2 at 1577 could push the price further down following a pattern.
Furthermore, Fibonacci levels plotted over the last swing shows retracement levels of 61.8% and 50% in ZONE1, signalling a possible reversal from those levels.
Short at a breakout below 1577
-Trade will be valid until and unless price closes above ZONE1.
-Trade with confirmation of momentum & on lower timeframes in intraday.