Bullish as long as 18133 holds which is wave 4 low; once broken the price structure would provide confirmation
2 alternative wave counts are shown. purple one has price action completed; whereas green one can potentially be an ending diagonal which as per fibonacci ratios can end around 19500. If this happens; intermediate wave (B) would have completed and post that a major correction in the form of wave (C) will come and this will complete the correction from the rise from Mar 20 lows during initial days of Covid.
2 alternative wave counts are shown. purple one has price action completed; whereas green one can potentially be an ending diagonal which as per fibonacci ratios can end around 19500. If this happens; intermediate wave (B) would have completed and post that a major correction in the form of wave (C) will come and this will complete the correction from the rise from Mar 20 lows during initial days of Covid.