gives us something in terms of probable wave counts to work upon. First things first, if you have held shorts from sub 18000 levels, please take profits around 12700/13000 levels. To continue the story, the drop from sub 20000 levels can be counted as 5 waves labelled here (an alternate is just a-b-c, not shown here). What implies is that we have wave A of an A-B-C correction or wave 1 of 5 waves drop at a larger degree. With more conviction it can be confirmed "The correction is not yet over!!" a zigzag
or a flat can take prices much deeper. Shall bring the bigger picture in my next update here. For now, conservative traders look to again sell around 17000/200 mark, stop above 20000 and target is open. Aggressive traders can trade both long and short game. Please do not trade without stop losses though.