The current price action from the 11170 level seems to be within parallel lines and looks what one would refer in Elliott Wave terms as a Zig Zag type of structure.
This market did deceive us in with a Wave B as a Running Flat (Can also be interpreted as a Complex Correction) however since the Price Action is still within the channel I expect to see a bit more downside in the coming sessions.
If the above posted count is the one being followed then we can expect this market to move down to the level of :
Target 1 : 9586
Target 2 : 9041 (Less likely as very bearish)
Also since we have previous support coming at 10100 level we can expect a bounce back from this level before any possible downward continuation.
If this market goes above 10420 level without registering any lows as suggested then this count will be Invalidated.
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