The move from 17348 is corrective. There is no way an elliottician calls it an impulse move going on.
So, the move should be correct 100% to justify it as a corrective move.
There are a few corrective moves that don't retrace fully, eg. the legs of a triangle. But this move seems like it should correct 100% soon.
A good elliottician is not the one who always...
If we do not break 17930-17900 range downside then a possibility of the wave 3 upside.
The counts are on the basis of lower time frame. Please refer to the earlier chart where if broken lows of 23.12.2022 we can further move down.
The 2 possibility are in the view.
Please do your own analysis before going for a trade or investment.
Regards