Details explained on the chart.
(It looks overloaded, but zoom in for more detail on wave counts)
I expect wave 3 to finish somewhere around 210. Not below 200.
Price should break below 200 during wave 5, but not before.
Wave 1 (subdivided in 5 subwaves) has ended at 231.
We will have a wave iii of 3 of C (C is a third wave) so we should have massive volume, price could go really low.
Now we should get a small retracement before wave 3 begins.
After a clear 5-wave move on the downside, a retracement between 38.2% and 61.8% is expected. RSI and price action show some divergence so I would be closing shorts and wait for the retracement to happen.
*This is not a recommendation to buy or sell. Trade under your own responsibility*