On the basis of my previous studies, at the end of the week, it looks like the bearish sentiment prevails in the market.
Now, the bearish sentiment is confirmed, but market may want to hold on at this level for the derivatives to expire.
There are two possibilities,
i) 'b' is still in the making. So, possibly 'b' may go further down and then expect a thinner 'c', a pullback.
ii) 'b' has completed and expect 'c' to grow as a wide and consolidation like pattern.
In both alternatives, the following 'C' could be sharper towards the possible 'Support' Level.
Let us see what is going to unfold in the coming week :)
[chart is taken from google.com/finance]
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