I'm not saying your study is wrong. I was only referring to the rule #3: "Wave 4 does not overlap with the price territory of wave 1, except in the rare case of a diagonal triangle." So maybe these are corrective waves?
Yes, that's why your bullish approach is OK - you expect an impulse after a correction. :)
It may have been a complex correction XYZ, consisting of three abc correction with it. I don't know. There are lots of options...
yes I will double check the rules from now on. Even if you know them your eyes can trick you once you see all these subdivisions and start drawing accordingly (like a chicken without head as we say in Holland :) )