PEL from ATH EW ABC/WXY both pointing the BEARS in action

PEL from ATH is having a choppy correction, movement in PEL is choppy on both the sides with Rejection near 2766 PEL doesn’t look healthy for the bulls.

A possible Elliot wave correction is ABC or a complex WXY both pointing to downside

Entry: at CMP 2621 or at 2700
SL: 2770
Target: 2482/2445

Disclaimer: I’m no means a financial advisor, i m just a Meyer trader. So consult your financial advisor before taking trading decisions.