It's still not much clear whether wave 5 and IV already completed or not. I believed the real trend will be unfold after a true breakout either to the upper green trendline or to the lower red trendline. There is 2 possibility for market conditions at the moment :-
a) short term - bullish retracement continuation (the signal is getting weaker)
b) mid term - bearish continuation (the signal is getting stronger)
Adviseable better to wait a signal for option b.