That is exactly the problem I have been wrestling with. The correction, though brutal, is somewhat shallow for a wave 2. That might imply a lower low after a B wave. Otoh, even if so and though the C often equals the A, it could be less. Also, if a strong B, just a slightly lower low.
I thought Monday was the low and so rebought positions. The issue I am wrestling with is do I want to lighten again at a perceived B top or buckle up and take the ride. The first down from this up wave could easily be a wave ii of 3 0r the beginning of a C down.
aurum
added: If I was more adept at EW I would be able to identify this up as corrective or impulsive.