This one is preparing for end of the current wave 2 and turn for impulse wave 3 which possibly could move higher than ATH
Few things you can expect in current structure
01) It can further come down below the recent low and tag 30/28 and reverse which might be a one single day move (in my view)
02) or it can turn now only and start moving up which is possible but so far it has not given any indication of start of impulse
03) Scrip related to commodity like metal and Food grain have some specific character they need not make new ATH but can tag the ATH and reverse , they will move pretty much in side way formation due to commodity driven scrip
Which one of the above will happen i dont know , but i am not looking for any bottom fishing , i will wait for an start of impulse which might be more than 4 % move in a day and then enter on pull back or brake of the high
Lets see how it move