Today's downward trend confirmed we should be in 3 of wave 3 of wave 5 now.
Final confirmation would be if the 5983 i.e. previous low formed by wave 1 is broken in couple of days. If not then its a corrective wave.
wave 1 of wave 3 of wave 5 = 257 (6240 to 5983)
wave 2 of wave 3 of wave 5 = 158 (5983 to 6141) = 61.5% [Fib golden ratio].
By this count we should see the bottom somewhere near 5600 by december end. lets see.
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