Still correcting short move

Okay. I believe the GBP has finished five ways down and is currently retracing. From the chart you can see that I anticipate the correction to carry up to about the 1.5880 area. this will complete the five waves of C wave. From there the short trend should resume. I don't think that will be till next week sometime. The cirtical points are 1.59967. Price must stay below this point for the near term bearish forecast to remain valid. Also, price must break 1.5670 before breaking 1.5507 for the outcome that I have hypothesized to remain valid. A first break of 1.5507 before 1.5670 would mean the correction is likely over and the short trend has resumed.