I don't see how, technically, this red wedge will not lead to a throwover top of the black wedge that should eventually lead to a pullback of some significance.
At this point I am imagining that the red wedge break will be a 1 of 1 of P3 and the black wedge width will be 3.1.3. Talk about an ass kicking. Of course if those comprise 1 of 3 then what the heck would 3 of 3 be like? That is hard to grasp, which is why I believe that P3 wil have wave 1 possibly be the longest of the three waves with 3 and 5 being increasingly shorter. Just something to ponder over the weekend. We're gonna crash. When is the great question. The higher we go the harder we will fall.