Retest of the hourly 50MA (orange line) should dictate direction within the first 3 hrs of trading IMO. In the bear case it's entirely possible that wave 3 down can go all the way to the .382 retrace at the green box. I'd take profits there since it's entire possible that it's a C wave. Additionally even if it's a 3, a bounce there would be in a shark PRZ which means 4 will retrace 50% of the way up.
Comment:
looks like the bullish scenario is taking hold. BTW looks like I called the end of wave 2 to the exact cent ;)