from EWP it is evident in bearish trend wave c is unfolding.

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from EWP it is evident in bearish trend wave c is unfolding. With in wave c smaller wave 1 and wave 2 are completed now wave 3 is unfolding , in medium term with momentum could drop price towards 210 then 185 levels ,
Also Upper boundary line of parallel channel is testing if it fails to break above the upper boundary channel it is bearish in trend if not this analysis is invalid.
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from high of 298 to low of 190 is counted as wave A of 5-3-5,
from low of 190 to 230/231 is counted as wave b as Triangle of a-b-c-d-e
Now wave e of a triangle is completed once the break below the triangle price could drop further to 190/175 ,
if triangle breaks above the UB line, one could expect wave c (minor degree) of wave B price could go up to 255/270
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First Target of 210 reached yesterday
still price in predicted direction towards 185
Elliott Wave

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