We're undergoing an impulse wave down and it's a huge one. However, we still need to see how the ABC going up would go like. Will it be a flat or a normal ABC? We shall see in the coming hours or days.
I still see 8400 as the current strong support. We may end up with a double bottom or maybe lower to the .618 region. Who knows? Let's see how this goes as data comes up.
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Alternate count:
ABC may have completed and bulls will start their comeback.