Nifty Broke Channel..Now in bearish zone

Hi,

Nifty broke the channel pattern and FII is selling so bear market is about to start. Only confirmation need is from Elliot wave theory which suggest 5th way high is 18900 which is yet to come. I could say 2 possibilities from here is 1) rebound to 18900 or 19000 (as per elliot) & than fall to 18200 2) Fall from here to 18200.