The guidelines of alternation in Elliott Wave would be indicating
the 4th wave probabilities are a zig zag or a triangle when the
2nd wave was a flat like the classic flat in this wave 2.
If I'm nuts, the risk is well defined as a wave 4 cannot enter the
price area of wave 1 = Low Risk with Big Potential.
.382 fib might be the area for the candlesticks to trigger an entry short.