es heading to 3450?

As you can see , there is a clear downtrend from the point of EW wave count and more than that you can see head and shoulder being formed . Only thing is right shoulder too fast too sharp there fore one more push to 3950 to 4000 level can be possible to make it more reasonable . However the trade is pretty much break of trendline and retest of it , . Either way we should be hitting minuimum target of wave c if the move is downtrend . play safe and i will update the analysis next week .