Here is my Weekly chart with Bit more explaining the short wave . Short From 56.50 till 20.00 will be in ABC Formation ( As it is a Corrective Pattern )
Further division of ABC as bellow : A= 12345 B= abc C = 12345
Trade Plan :: Lets wait for the Completion of X at 56.50
I will wait for (i)of A to complete (ii) of A will be a Pullback there after a Congestion I am going to enter into short trade at start of (iii)of A