Currently, we are at the end of correction wave C as long as we are holding the 29.9k level, if 29.9k holds, a new cycle will start and we will see new 3 impulsive waves to the upside to 72K plus levels.
the other scenario that could play out is losing the 29.9 k level, this will lead to losing 23-24k level after bouncing temporary from this region and therefore losing 20k and find the support at 17.7k as the last hope to resume the ae new bull cycle.