This count sees price as an ending diagonal from 5 August 2024 low, with a truncated fifth wave finishing at 22084.70.
Completed impulse wave from 22084.70 to 20710.70 (first green ellipse).
Regular flat completed at 21654.70, with impulsive price action afterwards (second green ellipse) which broke below support of 20710.7 today.
Two pitchforks shown, neither of which had their median (red) lines tagged, implying prices will return to pivots at 20309.1 and 18297.4.
Impulse waves (red ellipses) with regular flat corrective wave would either be a zigzag or the beginning of a larger impulse wave down. Given the lower targets involved, this count implies the latter.
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