Just have a look at the nature of cycles in this chart, for better clarity...
Next we look at the daily chart for more clarity...
As per daily we may have the next low on October 22 or 27 ( I have not considered Muhurat trading.) A more significant low on Nov 3 to 5. Both dates match with the hourly also.
So it looks like the present hourly bounce is more of a dead cat bounce. Or at best whatever up move we get may be retraced.
What do the momentum charts say?
Since weekly and monthly look negative yet, our bias will be on sell on rises for positional. And buying for intraday. Of course the moment we see one downward bar reversal in the hourly we will go short. Remember, going long is actually counter trend movement.
We will see the wave counts and astro picture in a separate post.