3 possible long positions to get a possible good entry for an up correction are on the chart.
The first one could be coming up soon! Confluence of fib extensions with the 40.00 round level make for a good setup imo . Tight SL and target the point where PA re-tests the (not fixed).
In a perfect world the time ranges of the possible moves should relate closely so I've included time and price ranges for the possible retracement from the first entry level, this tells me that it is likely to bottom in the beginning of next week and it'll take approximately 1 week to re-test the , but we'll see... So maybe 1 or 2 more candles (including the one we just started) and the down move should be over.
In case we go further down I've identified 2 other potential good entry levels based on popular harmonics fib. ext. levels.
The lowest entry is at a previous structure low.
All have tight stops and excellent R/R, targets will be adjusted according to where PA takes us. If only one out of 3 works there is still a good profit chance! And if none work..., well then good money management will still keep the risk at bay!
If we retrace back up to the today or tomorrow then all bets are off and it's back to the drawing board!