GRSE on weak grounds - Short

The primary 7 wave cycle (4 yearlong) of GRSE is near its culmination. The key levels were as below.
Wave Initiation: at 89.25,
Wave I peaked at 222.65;
Wave II retraced till 160.05;
Wave III peaked at 957.50
Wave IV Retraced till 668.65;
Extended Wave V Peaked at 2814.85
Sub-wave c of Wave V touched 1350.50
Sub-wave c is still unfolding and now Pennant formation are seen on charts Pennate breakdown (downwards) @ 1335 will take script to 1127 - 997 levels

1. Scenario -1
   

Short on Pullback @ 1660- 1700
SL : 1800
Target: 1335

1. Scenario -2
   

OR on -Confirm Pennant Breakdown
@ 1335- 1300
Target -1127 -997
Stop Loss - 1450