The green wave count is in the daily time frame that has gone through an Elliott cycle.
The orange wave count is in a 4-hour time frame that will go through a 5-piece Elliott cycle, or The blue wave count was in a 4-hour timeframe when we completed a 3-piece Elliott cycle and reached the beginning of the bullish wave.
In case of the first scenario (orange) we have to wait for correction until the identified PRZs (end of wave 5)
In case of the second scenario (blue), we should wait for the rise and failure of the static resistance (white surface) (start of the rising wave)
The orange wave count is in a 4-hour time frame that will go through a 5-piece Elliott cycle, or The blue wave count was in a 4-hour timeframe when we completed a 3-piece Elliott cycle and reached the beginning of the bullish wave.
In case of the first scenario (orange) we have to wait for correction until the identified PRZs (end of wave 5)
In case of the second scenario (blue), we should wait for the rise and failure of the static resistance (white surface) (start of the rising wave)