I can see, three possible options as indicated by the arrow. We are now in a deeper correction from the big UP move and I believe, from the present chart structure, it can go down all the way to 1600-1500 levels before it reverses back to UP mode.

One can trade intraday as well as swing trading according to the price action which can follow any of the coloured arrows direction without any issues. Any confusion to anyone, please do not hesitate to contact me.

Most likely situation is that it can go down first and then UP all the way to 1700-1800 levels and then drop down to 1600-1500 levels.

Will keep you updated as the days and price action progresses..

Trade with care.
Jan 15
Trade active: As anticipated, prices did drop down as per my blue arrow, and trade has been activated for long position now.
Jan 22
Comment: Nice up move today..
Jan 31
Comment: Good going so far.. almost there to the target.

Price action did follow my blue arrow till now.

One more good trade this month..
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