How is Dow's chart after the breakout

Dow has a strong breakout candlestick with high volume of 6.8 billions on Thursday but on Friday the volume shrink to 4.9 billions even though it closed with a positive +23 points indicating few buyers and the likelihood of a weak uptrend wave. With the breakout, my previous unlikely outcome of 'possibility 2' has became the more likely scenario as shown below. Dow is currently in wave 1 of the major wave (III). Next pullback will be the wave 2 to be followed by a theoretically more dynamic wave 3 of (III) and ideally with higher volume of 7 to 9 billions.

Click to enlarge the chart

My previous more likely outcome of possibility 1 as shown below is less likely but still possible if the Thursday's breakout is a manipulated breakout by the big boy. Under such circumstances there will be a series of red candlesticks to form wave C of the major wave (II). However, based on past record, there was no 7-day or more upwards streak in wave B phase, does this means possibility 1 is out? In stock market anything can happen especially when there is manipulation.