This suggests that the current cycle started sooner than some may interpret, which allows wave 3 to extend proportionately into a acceptable termination zone, and creates a strong confluence on the 61fib retrace from a 6700 target (also meeting with top ). The retrace also falls on the previous resistance, which may act as support... again.
In addition I have used speculated W3 and W4 to project a fib extention of 100% which also meets with upper for completion of W5 (again acceptable termination zone.
NOTE* 6700 > 5000 dip - if this is extended out over greater time that the duration approximated, Wave 5 target may be dramatically increased. Targets I believe are sound, but W4 duration I am less confident on.