Nifty - Elliot Wave - Alternate counts - Bullish Scenario

I called a top on May 2nd as the buying looked like a trap - which usually acts as a good end of a trend move.
It worked out quite well, but we didn't get a selling momentum, that I expected.
So, contemplating if we are still in 4th and there's another leg up pending, which should be:
1. Bearish scenario - C of X - Y down should take us to new lows
2. Bullish Scenario - 1 of 5 (weekly) - We should have a 2 and then head up in waves 3 and 5 to 27-30k.
It's a tricky position to be in.
Plan: Keep position light and let the 5th up complete. In both bullish and bearish scenarios, we'll get a good retracement from there - Min 23500 (in 2) and can go till 21500 - 20500 in Y.
Ride the leg down and then take a call if it's bottoming out earlier or we are heading down?
For the time being, I have booked all of my shorts and awaiting clarity.
Cheers - All the best!