If the Weekly closing comes below the blue trendline we can see a downfall till Orange Trendline.
One can Short with a SL of 1,676 (Current candle HIGH) for the target (Orange Trendline) approx 1,360
CMP: 1628
SL: 1,676
Target: 1,360
Risk = 48 points
Rewards = 268
R:R = ~1:5
One can Short with a SL of 1,676 (Current candle HIGH) for the target (Orange Trendline) approx 1,360
CMP: 1628
SL: 1,676
Target: 1,360
Risk = 48 points
Rewards = 268
R:R = ~1:5