In my previous analysis I had indicated that the current upside is POSSIBLY an impulsive wave and we might have completed our correction
1ST ALTERNATIVE
In the chart above marked 1st alternative and the blowup, it is assumed that correction is already completed and we will be resuming our REMAINING bull run. Within this bull run we will be correcting as shown in the blowup to the 1st alternative
2ND ALTERNATIVE
In the chart above marked 2nd alternative and the blowup , it is assumed that in the zigzag move down , we still have the C part of wave “Z” to complete and we can move down to complete even till 17300 or so before resumption of the bull run.
TAKEAWAY FROM ABOVE
In both above alternatives , the common fact is that although we most probably have to move down, this will be last move Z of the zigzag correction or the wave 2 of the ongoing bull run.