Short scenario with many small bounce in between.
Scenario 1.
We get stuck in between the orange dotted line and the solid yellow line to form another wedge possibly ABCDE up (Wave 4) before breaking down to start 5th that ends at where the yellow support line is. We start ABC from there, this ABC is the sub-wave 2 within corrective A.
Secenario 2. We are going into sub-wave 4th that is part of sub-wave 3 that is part of Wave 1 within Corrective A. (I know this is confusing.) but it look something like this.
Also see link below for 4H Chart below to see the major support line in white to see the ultimate short target.
We get stuck in between the orange dotted line and the solid yellow line to form another wedge possibly ABCDE up (Wave 4) before breaking down to start 5th that ends at where the yellow support line is. We start ABC from there, this ABC is the sub-wave 2 within corrective A.
Secenario 2. We are going into sub-wave 4th that is part of sub-wave 3 that is part of Wave 1 within Corrective A. (I know this is confusing.) but it look something like this.
Also see link below for 4H Chart below to see the major support line in white to see the ultimate short target.
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