On chart we can see red wave 4 - irregular correction (top of wave B higher then top of wave 3)
I expecting one more leg down to 14500 - 14000 (wave 5 from wave C from wave 4) after - will start new 5 impulse waves up.
After the end of wave 3, we saw an irregular correction ABC (the top of wave B is higher than the top of wave 5 from wave 3 of the higher level) - (wave 4).
Now we are waiting for the crossing of zone 0 on the MACD oscillator - this will be the beginning of wave 5. After correction - to 4900 - 5100 level.
Wave 4 may rise to the level of 3550 with a 60% probability, less likely to be higher.
If wave 4 ends above 0.618 fib level, then there will be failed wave 5 and its peak is more likely to be less than the peak of wave 3.
In this case, we will fall below the peak of wave 3 if an incorrect A-B-C correction is formed (the peak of wave B is higher than the peak waves 5)
In 1W Time Frame you can see the end of Wave 4.
Why I think - this is Wave 4 ?
1. start and end of wave 4 is characterized by the intersection of the 0 line on the oscillator MACD
2. If wave 2 is simple then wave 4 is complex
Why I think this is the end of Wave 4?