Below is the weekly chart
Now, coming to the hourly chart, the first wave of Wave C i.e. C.1 ( if it really is wave C) is a clear 5 wave structure and the Wave C.2. just retraced more than 80% of this down move.
Looking at .. it did stop right at the channel bottom which it broke.
so here is a trade that i am planning to take on Monday ..Short between 765-770 ( spot ) with a SL of 781 ( july mostly ) for a target below 600 .. this is a positional trade and not a short term trade.. the Risk-reward is awesome ..
I am new to EW and i am still learning so this could feel like ambitious , so please provide your view..