image In this chart u can see many lower lows and lower highs, and many continuation patterns (not shown) that what happen when market is trending either up or down. the counting is 7 waves until now, which is a correction wave but its too early ...
image the fall from 11200 to 9800 was a wave 1 as showing in chart,then retraced to 50% level as a wave either a of 2 or wave 2. 9800 which is last low is a key, if price decline below 9800 level that a signal that wave 2 was over and wave 3 is ...