One cycle is over from new high 18887 to 17353 is denoted by me as W Wave ((c)) Minute degree black in clour Sub division of minute degree (i) (ii) (iii) (iv) (v) (Minuette degree blue in clour)
Second cycle ended 18136 as a wave X which is break previous trend line or regression channel it is link of previous trend. Sub division of wave X as ((a)) ((b)) ((c))
Another Cycle in progress Wave ((a)) Minute degree black in colour. Sub division of wave ((a)) (i) (ii) (iii) (iv) (v) (Minuette Degree). Sub Minuette Degree i ii iii iv v red in clour
Wave ((B)) may be in three swings or seven swings ended near 17600 key resistance level.
wave ((c)) anticipate down side due to tag wave W or trend is lower low sequence
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Disclaimer It is my personal research before trade plan or investment please advice your financial adviser.