Because bear scenario is unclear, also looking at what a bull scenario will look like. The recent 5 wave up provides a 61% area for a bounce back up, which it may have hit with an ABC correction.
This would mean it's working on the 1 wave or maybe the 1 and 2.
In either case it's likely to be choppy until the 3rd wave shows up.
If a big move up appears, I will be looking to enter aggressively if it's above the recent 1 swing.