Updated chart. Looks like wave 4 was short and early, although wave 3 did go over 1.618
Current trend looks to be XYZ correction.
Watch for start of new impulsive wave structure for validation.
Take a look at that link. It shows a normal 5 wave impulsive structure up with fib levels for each wave and then the corrective structure. If bullish, this wave structure would happen upwards. It bearish, turn it all on its head and the 5 wave structure moves down with corrections happening upwards.