Update as of 21-jan close:
Alternate count has kicked in. We are clearly in an ending diagonal. The dropdead sl for this short (read disclaimer first!!!) is 11185. But using an option hedge, the cost can be brought down considerably but that's the discussion for another time.
These are the updated counts:
Interestingly, is the C of 5 of the big enging diagonal itself an ending diagonal???
Disclaimer:
I am not a certified financial analyst. All that i wrote above is only for educational purpose (education pertaining to the Elliott Wave principle). No one should take the above as anything more than an educational post. I am not responsible for any profits or loss arising out of a position taken based on the above.