3 step retracement looks soon to be over and new wave 1 starting

It looks like BNT has completed 5 elliot wave and is about to complete wave 3 retracement, which looks like will align with 1 day MACD crossing the signal line and about to start wave 1 of new elliot wave.

I have just started to study these waves, so let me know what you think ?

Not financial advice.