Two possible wave structures

I see two possible wave structures - the green one where we finished 5 waves up to $9040, then the yellow ABCDE sideways correction, then a new wave up

or

The blue one where wave 4 is the yellow ABCDE correction, and wave 5 just finished at $9287, and now we are to start some correction wave down.

This is a very important distinction of course, because if it's option 1, then the correction is very small, but if it's option #2, then correction is much larger.