5, from high (8/5) at 1.39927.
(4-5), 5 waves, terminating at 1.23568,
indicating a potential trend change, with higher lows from Channel base. At 141.4% extension and 88.6% retracementsx2, . Within channel boundaries.
Potential like rally, with three targeted areas, seen also in Daily time_frame.
Daily potential momentum brake_out at 46.
My thought: your 5 is 3, we are in the middle of a tripple zig-zag to hit 4. Also your Descending wedge is incorrect. There's a 5wave sequence from 3 to 4, Should only be ABC patterns within.