The downside I am considering as an impulse wave in a large flat triangle. This impulse wave should in all probability can even touch 16000-16500 levels. Giving the blow up of last 2-3 days price action below
I am considering the market volatility as an expanded triangle forming wave a and completing the correction in wave b and wave c as shown above.
Tomorrow we may or may not close flat , or even try to move up a bit but then this upmove or the flat closing in all probability will not sustain and we should start moving downwards into the wave 3