CAN I DRAW LIKE THIS?

Market over reacted, sure yes!
We prefer buying at this point.
Reason:
1/- we draw the channel as attached chart, its still above the bottom line today.
2/- It had reached  from top to  50% or 66%  rectracement level (21764-16139/21764-17568)
3/ if ABC correction, C if 1.27 of A
4/- today is the 58th day (93x0.618=57.47 days)