Here's the bearish scenario... Looking at the charts they both seem reasonable. The bearish scenario should invalidate with a break of the red "(b)" high of my original chart. Because of the R/R ratios involved you can actually do an arbitrage hedge where you buy and sell an equal position with stops at levels that invalidate the other. Downside targets for the bearish scenario are 331.98 and 294.64.
We should at be at the bottom in our corrective scenario, however the count does allow for a downside extension. If prices reaches the green lines in the chart it offers an even better level to get in. D1 charts support a rise and H4 has some strong bullish signs. I'm already long small positions and will add for the trendline break of the third chart.