In theory, in a strong bull market the correction 'C' wave can terminate above the bottom of A, and may appear as an expanded , rather than a deeper C that carries below the A termination, or a so-called 'running flat.'
It's really dangerous to short these, it's like trying to pick up dimes in front of a bulldozer.
Expect a strong bounce at the apex of the wedge- within a day or two, if no break down. Dow closed at 253 support and Sand P just above the 274 Fibo line.
After two weeks of bear control it seems the bulls are setup for a powerful rally. Don't get caught short... of course possibility exists for further break down.
IF we do get a break down from this formation, it would be extremely and could herald a bear market. IF we get the bounce the Bulls will roar back.
As always, this is not investment advice, trade at your own risk!
Forex link to Expanded Theory:
Added EW to this chart (Double-click to view- a bit buggy):
I'm very Bearish , and it ain't funny :)