5 waves down from 1.6018 confirms that the an important top is in place.
The rally from 1.5554 is in 3 waves and is therefore corrective. 1.5694 may be the top of wave 2 (as shown above). The alternate count treats the rally from 1.5554 to 1.5694 as wave w in a larger w, x, y correction. Potential resistance on a push through 1.5694 begins at 1.5731.