Current price action is a correction in progress of the rally from Oct 2018 low. W leg is considered complete with the X leg a probable expanded flat. Meaning i expect lower prices to complete Y leg around 8700 level and hence wave 2.
Alternatively wave 2 correction might be complete. To be confirmed by 5 waves up from current level
Alternatively wave 2 correction might be complete. To be confirmed by 5 waves up from current level