(1)Looking at a 3-4 adjustment, the first sub-wave (or the entire adjustment) cannot fall below 76600.

(2)MA20 has been above for 3 days, and the probability of it holding is quite high.

(3)The current segment coming up from 76600 looks like a guiding wedge, and the retracement after the wedge is generally large.

(4)If the guiding wedge is complete, it is likely to retrace below 83000.

Note: The forecast calculations are purely a personal hobby and do not constitute trading advice.