Monday's scenario -
Flat > It has breached 8/1 Gann level which will act as support and the target could be 1/4 level which will act as resistance.
Gap-up > It could face resistance at 1/4 Gann level and come down.
Gap-down > It may lead to fall upto 1/8 level hence after that we may see a quick reversal.
WAVE 1-2-3-4-5 has been completed as marked in a chart, further correction unfolding in flat corrective pattern with wave a & b completed and wave c down movement is expected to happen in minor 1-2-3-4-5 wave correction.