Wave C appears to have started after the completion of wave B at 10894 - very close to the predicted level of 10850 (see below). Wave C could go down to 10400 if Wave C achieves equality with Wave A or to 10070 if Wave C is 1.62 times Wave A. I will update the targets after the completion of wave 2 of C.
Note: This is just for my own future reference and is not a trading advice.
Prediction of 10850 level on May 27 and June 7:
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Wave C progressing as expected. Currently, it appears to be in Wave 3 of C. Further downturn is expected.
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Update:
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Further downside is expected after this correction.
What is the negation point of forming Wave C.
I mean continuation of Wave B.