in the zoomed in picture we see rallies have grown in triples which means we can expect continuation
of the bearish impulse
option 1 has us complete this ending diagonal at 8500 where we can see a rally to 10.6 K after the bottom retest of the wedge(dotted arrow)
Option 2 most bearish scenario is we dump swiftly to 7500 level confluent with the 1.618 fib extension of the (b) wave before a V rally to 11.6 K
area of interest 8.5 K
of the bearish impulse
option 1 has us complete this ending diagonal at 8500 where we can see a rally to 10.6 K after the bottom retest of the wedge(dotted arrow)
Option 2 most bearish scenario is we dump swiftly to 7500 level confluent with the 1.618 fib extension of the (b) wave before a V rally to 11.6 K
area of interest 8.5 K