Long positions are aggressive. Better to be cautious; wait for 5 waves up followed by a 3 wave correction. A would only be confirmed on taking out the presumed 5-wave high, should one occur. New shorts should wait for wave (iv) resistance.
Caution is necessary on shorts until impulsive structure develops headed down (not depicted).
Caution on long positions is warranted until impulsive structure develops such as the blue (i)-(ii) depicted here.