That's why it is always good to keep in mind the alternative counts and scenarios. As I see it, we are using the broader bullish scenario as the main one just because it hasn't been invalidated yet (i.e. confirmed failed impulse wave up) and we are optimists :)
Ofc the bearish view is still intact (chart-wise) and the counts could be valid until proven otherwise. And anyway, as far as day-trading goes, it doesn't really matter IMO if the 1-2-3-4-5 subwaves are part of an impulsive bigger wave or a corrective bigger wave.
That's why it is always good to keep in mind the alternative counts and scenarios. As I see it, we are using the broader bullish scenario as the main one just because it hasn't been invalidated yet (i.e. confirmed failed impulse wave up) and we are optimists :)
Ofc the bearish view is still intact (chart-wise) and the counts could be valid until proven otherwise. And anyway, as far as day-trading goes, it doesn't really matter IMO if the 1-2-3-4-5 subwaves are part of an impulsive bigger wave or a corrective bigger wave.