BCH - 5 waves in - time to retrace!

BCHUSD

Take a look at BCH - 5 clear picture-perfect waves are in.

Extensions and fibs look great.
1. Wave 1 retraced 78.6%.
2. Wave 3 hit 1.618 extention, and retraced 50%, right back to wave 1 territory.
3. Wave 5 made a 2.72 extention, in a diagonal.

I'll be looking for a nice retracement to the 38.2% to 50% territory.