Thoughts on this 4th wave playing out as a few weeks of sideways (ranging between ~30-35K) action rather than making a new local low?
Its possible this Wave-4 does meander sideways for a few weeks, but still overall expecting a revisit to the 04-JAN-2021 lows.
The corresponding Wave-2 to this Wave-4 occurred in AUG-2020, and it took 4 weekly candles to play out, and it was a shallower 20% pullback.
Since this Wave-4 has already had a 30% pullback in 4 days; if it doesn't complete by this week, it ought to complete by next week is the current thinking.