If & only if the gap near the abandoned baby (8461-8510) is not filled, then we will be going towards 7420.
Then the wave structure would be as follows :
Am considering the start of correction from 8968 & the A wave completed around 7916 (a break of brexit low of 7927 - that should have been the clue)
Now B wave is going on which will complete below 61.8% of the entire move from 8968-7916, which comes to around 8566.
So the mentioned gap at 8460-8510 - becomes more important.
So the C wave down will start from anything from 8460 - 8510 - 8566 towards 7450 after budget.
This wave count will hold true untill 8570 is breached on the upside.