Assuming that the 4th wave has just completed and high probability for a 4th wave is between 23.6% and 38.2% of the 3rd wave in an impulsive / motive wave.
Reaction near the 38.2% fib level of the 3rd wave - looks more likely to be a 1 wave of the 5th wave on a higher degree or else a reactionary X wave.
This is purely my opinion.
Reaction near the 38.2% fib level of the 3rd wave - looks more likely to be a 1 wave of the 5th wave on a higher degree or else a reactionary X wave.
This is purely my opinion.