In weekly time frame it is showing signs of revering from a Bearish Harmonic Cypher PRZ. In hourly time frame it has made a Bearish Harmonic Gartley and reversed. Failure to hold 490 on closing basis in daily time frame could be a trigger for the expected down move till 450. In hourly time frame trading above 513 would negate the move for now.
Comment
⋅
Since this was a weekly reversal, the fall has also been accordingly a grinding one. Now as long as it sustains below 485 on daily closing basis, it will remain weak till it tests its earliest support near 450