PIE Corrective movement, Short term; 24 OCT

Bad market sentiment mainly due to external jitters. Local factor includes 2019 budget tabling in november which might introduces some new unsavory taxes. Looking at wave there is the possibility of downward short-term(C) movement after which comes upward (D) movement before the last corrective wave barring additional negative news. Will it go lower or head towards new high?
Chart PatternsTrend AnalysisWave Analysis

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