It's looking like 5 of 5 waves is nearing completion. Retrace to 11.2k or 11.3k and finding support would be mega bullish. However 11.3k bounce could set up a rising wedge for a bigger bear move Fri/Mon, around 11.7-11.8k. 11.2k retrace and support would establish a more healthy and sustainable channel. If it breaks the channel either way, the idea is invalid.