In my head pink impulse wave (30 min) is C of 4 hrs larger ABC correction of wave 2/5. the 2/5 cycle is part of larger trend in wave C of the daily main A,B,C correction that has been going on for a while.
if the green line is surpassed then its probably not that and it could be an extended triangle forming in the daily and we are in wave C or D of A,B,C,D,E.
that green resistance is important because thats the point of no return for the first idea to be valid since wave two can't retrace more than the beggining of wave 1.
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