In this count, I've assumed we have just finished wave 1 and are currently in wave 2.
Main motivations for wave 1.:
1. extended impulse wave 3
2. alternative waves 2 and 4 (in time)
Main motivations for wave 2:
1. Lot's of price overlap and three waves structures, which indicates a correction is happening.
2. Price is increasing, but volume is declining.