I see that the that previously bull market ended at 4320 then bear market started and it was irregular flat pattern as shown. I see that in wave C, it was five wave pattern and fifth wave was a failure as ending diagonal pattern. Further, trend has changed now and we are again in bull market now. Currently we are in fifth wave of 1st global wave. Wave four ended exactly at 0.318 fib level extension. See chart for further understanding.