I might be wrong, but this sure does look like a classic Elliot Wave correction. The yellow line is the bottom of an Andrews Pitchfork originating on 3/23/2020. The solid Blue line is a trendline originating from the peak of 6166.5 on 2/19/2025. If my count is correct we are about to finish wave 2 and begin wave 3.
While there is heavy at support 4600 I believe Wave 3 could end more than 1000 points lower than that.
