The downward move is probably A The recent upward move is probably a of B of some sort of flat ... I don't remember the name lol Price will drop to golden rectangle, Then the killer C of B of some sort of flat will probably end at reverse 1.27 or 1.618 ... Since there could be a huge return i don't think about other probabilities DYOR
@reza_1515 now i see why you have that number my logic for your number is that it is smallest fourth degree and a fib level on it, if a of correction would fall to 38 then b of correction would rise to 0.618 of a then c of correction can end at 1.618, or 0.78 of the big impulsive move on the other hand 0.5 has an advantage which is being on one smallest fourth wave and pretty close to a higher degree fourth wave
but market might be different and we can't pick one of these scenario so let's be patient and keep me updated i will do the same
Vaiot could be at the end of A wave of the 2nd wave. follow the 2nd wave in the 3rd curve.