If price continues to retrace from the last minor leg up, we might expect a reaction from the completion of the purple pattern in confluence with a strong . This could be a better place to get in the market long.
If price breaks the pattern and the to the downside, there is another pattern forming, in this case the big blue , with good fib alignment and completing at a god role reversal level from previous price action.
So there you go, a nice way to be prepared for what the market gives us with , they are everywhere, but it's smart to only look for the ones that also complete inside a good structure level or zone, because this is what increases the odds to our favor.
Good trading everyone!