We have now seen a 61.8% correction of the five wave decline from 16,174.50 to 15,791.20, which Means we are close to the ideal corrective target for wave 2. However, as always second waves are allowed to correct all of the first wave, but can't under any circumstances break above the starting point for wave 1 at 16,174.50 or the above count is invalidated.
Short term we need a break below 15,980 and more importantly a break below 15,920 to confirm, that wave 2 is in place for a decline towards at least 15,645 and likely even lower towards 15,408.
What time frame do you see this downside move happening in
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