Invalidation for current impulse :37400.
It looks like a continuation of the small impulse is due . If it's a relief rally 4th wave we will see an ABC where the 5 wave impulse is A .
In case it crosses 46800 on the current impulse that bearish scenario is invalidated imo and a bullish retest of the range at 41-42 is most probable.
Trend AnalysisWave Analysis

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