EW on hour TF .Looks like in a falt correction 3 3 5 because we see 3 waves down from 5815 high , from 5815 off which "a" done at 5666 now "b" is on . This count gets invalidated if we break 5666.
Candl
On hour TF we have closed right at 5Hema (5705), below HHema (5714)and above HLema(5695) . Same in Day TF
Closing is below 5 Dema (5712) , trend is down but as the closing is above DLema(5687) , the downward momentum is not present.
I think any move beyond 5715 and closing above it may indicate that we are in B.c of Flat to lvls close to 5815 ...
and Breaking of yesterday's low at 5666 , would indicate that more lows .
Candle stick pattern :
We may call this a Spinning top which along with yesterday's candle makes a " Bearish Hamrami"
Spinning top indicates indecision .
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