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1- Selling between 5855-5875
2- Down Move in Falling Channel
3- Slow Down Move without Force
4- Intra day last hour consolidation between 5823-5842
Last 3 days range broken down after intraday selling but breaking down is without force in falling channel and last hour intra day consolidation seen between 5823-5842.
Conclusion
Correction is confirm on but breaking down move was without force therefore it is an indication of early correction completion but market require confirmations. Firstly complete consolidation and then crossing of immediate resistance will be first corretion completion confirmation.