Dow Elliott chart

On the basis that this count seems to be working what would be the targets for wave 5 ?
Wave 5 is usually equal to or 1.618 x the length of wave 1.Wave 1 was 2564 points so equality would give a target of 8166 while a 1.618 expansion yields a target of 6581 The lower target seems more likely as the first one is too far above the wave 3 low.6581 is also a fibonacci 38% decline from 10730,so there is "clustering" .There would also then be the possibility of a double bottom at 6470 and 6581.6581 is also close to the level at which wave 5 would be 0.618 times wave 3(6610) Wave 5 can also be 2.618 times wave 1 but best not to explore that possibility at this stage !
I have no idea whether this target will be reached but it is worth being aware of.The rising 200 dma would need to be overcome first,so more distribution would likely be necessary.A decline back to the lows would be in line with Japan's experience after their banking crisis.