Correction completed or still in progress?

This is an update for my previous idea:
We have now completed five waves to the downside for wave (c)
within a complex correction. Price has reached equal legs
for (w)=(y) and wave c extended 1.382% of wave a.

Now, we should see a bounce, as price stays above 1.0560 (where
wave (c)=1.618*(a). If this level is breached, we are most likely doing
an impulse).
A break above wave (x) high (=1.10515) would confirm that a bottom is in place
and we should see new highs in this pair.

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