Bank of New York ADR index

The ADR index is even more clear we have a 5 wave decline from the top on Jan 17. Last week I was expecting wave 4 to pull up a little more but that was not on the cards. 38.2% was done so we did not travel back to the wave iv of 3 high. Now wave 5 is done all at once. This calls for a pullback again, back to the wave 4 high maybe.