I just made my usual line adjustments, posted this image, when I realized that the volatility whip is way more common than anyone would think.

It feels like they throw the ball up in the air, and which ever team takes hold of it has the right for the next wave sequence.

This was the tricky one, where the volatility whip got broken on the unexpected side for another 5 waves up.

Admittedly, it was terribly hard to get the wave count accurate on this section.

In conclusion, what can be said about the whips, is that you want to go with the direction that steps outside the V, with your stop loss beyond the other end, but also, that you should be giving some slack, i.e. 5 pips out to get excited.

Picture showing the pullback just missing the value at 5 pips out: