I no longer believe we will be going (much) below 47k. The two zigzags seem to be converging on the same spot, so the best place to go long from is going to be that range is what I'm led to believe.
At any point, if we go above the higher high near 52k, stop loss immediately.
While we could go all the way up to 51.5k, this is a good zone to short from... Don't try to guess - don't do anything crazy on margin, just nice a sweet short, 5x - 10x max so if we do get 51.5 or slightly higher, it doesn't liquidate you out.