On price is below the 0.382% retracement level of (w3) which is at 459.10. Today's low is so far 450.65.
Wave 2 ended exactly at 0.382% (W1) at 382.
If price holds a falling weekly channel re-test level, which is around 450, it can be an excellent opportunity to go long above 459 or to be precise going long above today's high of 462 to ride Wave 5 for the price target of 550.
This week is ending with the budget day, so expecting ahead of expiry and the budget.