Most likely scenario since we already have wave 1 and 2 and also wave 1 of 3 and 2 of 3 (sort of invalidated/rarified the 423% target. 161.8% is also not too probable now but definitely a considerable scenario.
current most likely scenario:
we are in wave 4 which retraced 61.8% of wave 3 (to around 9200). and now we are forming the C wave of a flat triangle.
C wave of triangle = 61.8% of A and (E wave = 61.8% of C, D = 61.8% of B).
Enjoy the ranging, cheers!