I think we should complete the wave (E) by March 8 or earlier based on the channel. If my 180m wave count is correct, the market should drift lower to complete wave v. At that point, the contracting triangle since December 2017 will be completed . A reasonable target is around 7656 which is 61.8% of i~iii
Well.. It looks like we found solid support on wave 4th of lower (previous) degree on 8460.. If we fall again we are going where you called 7400 as a pullback to broken trend line to test it.. It seems to be confluence zone as it is 61.8% of I~iii in your count..