MCX still not ruled out, after todays fall. C&H pattern possible

MCX still not ruled out, after today's fall. Till the time it remains above the marked pink rectangle zone at 1717, with less volumes in RED candles and higher volumes in GREEN Candles.

Also in TF-W , we can see a pattern forming, which can be assumed as CUP, so a possible HANDLE is in making (on the cards) and it may take some time till we see the correction in NIFTY.
However price moving below 1717 marked rectangle will nullify the analysis.
Lets see whats in store.