Using Fib retracement Wave 3 of 5 did meet rules of 1.618 of Wave 1. So, pattern can say meet the rules. As long as Wave 4 does not enter territory of Wave 4, believe this pattern is valid for now...
In weekly time frame, Bear continues to complete Wave C.
XU100 has bounced to upward impulse. TRY Lira will bounce follwing the Bursa. This is taken by observing and compare with TRYJPY each bottom and peak point are lagging but has same pattern. TRYJPY will be in Wave C of Wave 4.
Correction of Wave 4 higher degree is in progress despite previous count assumed impulse count.
Hypothesis: Supercycle year time frame is downtrend Wave 3 Supercycle still in progress Wave 3 Daily should be in progress till end of March or beginning April Wave 5 of Wave 3 would complete the cycle. After this supercycle 3, wave 4 shall commence bull.