I am having a hard time counting the move from 69k as a five move move but we should still give it some probability (personally I give it only 20-30%). The move from Feb 21 can be counted as a flat and the move from Jul 21 bottom can be counted as zig zag. Both corrections subdivide in three waves so if we add them together we have three waves down three waves up (Wave A and B). If this count is correct it tells us that five wave sharp decline will follow which so far was the case. However, we dont know where wave C will terminate - it can be before 30k, at 30k or even below 30k. All we need to know is that the bottom may not still be in and until we get strong bullish reaction we should favor more downside.