We can clearly see movement of price in a motive manner. Breaching 2 important level, 1) Correction Channel and 2) 2197 level, add support the idea that wave 4 has already topped at 2303. Breaking below 2197 has cancel the 5 structure uptrend movement for wave C of Y, hence limiting the movement to 3 structure wave = correction wave. 2303 serve and act as our key level/critical level for this analysis, should wave (iv) completed and wave (v) is unfold, price has no business to go above our key level.
Expecting a rebound in price and follow by a strong movement of wave 3 to the downside.