Is a Wolfe on us?

Did some research on Wolfe waves and whether proportions have to be absolutely accurate or not. Firstly, on a daily chart, this pattern is not very common. I mean, once in 2 years or more. Secondly, it is also more likely to occur in choppy patterns/ corrective waves. We are in big choppy mess right now so it would be a great place for this pattern to materialize.


Let's look at the latest one which I believe is almost ripe.

Here are some from the years before. Notice, in most cases, the market reverses at this point. So, if we dip now and touch the line, we may reverse and go on higher. What would cause that on a macro-economic level?