Very volatile, dropped 272 points on Tuesday, surged 275 points on Wednesday and plunged 334 points (-1.97%) on Thursday, very rare too. However, I am still thinking of wave (xii) and around 16,300 level, or at worst 16,200 level, that is another 350 - 400 points to go.
But, what if it goes below 16,300 level or 16,200 level ?
Then my revised wave count is as shown below. I should not have forced into wave (xi) a running a-b-c sub-wave iv.
I am sorry, it is a diagonal wave, major wave (5) or worst mega wave 1 has ended.
Whatever form it takes, Elliott is always right.
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