a classic ABC

Retracements on bearish trend in addition to A & B correction waves show that current wave could be a classic Irregular ABC correction which has raised up to 79% of total 1-5 trend and 162% of A projection on B.
will this culminate with another 1-5 bearish trend? since price has bounced from last resistance of 4044- 4060 its assumed that price is heading a bearish trend.