Correction's are always hard to anticipate but we can see that there's a high probability of more downside movement.
these are possible outcomes the general sentiment in the markets is bearish.
And if we do get it wrong it's just a small risk we're taking.
After waiting out i can see a possible flat correction forming
B wave could move higher up but im entering already.
Stop loss can be placed where favorable.
After the TP points have been reached a final 5th wave in the big picture will bring us down to aproximately $15.000.
The corrective wave of the C wave of the zigzag seems like it has to reverse, if not A stoploss will save us.
it looks to me that we are in a wave 4 in shape of a WYX correction.
Wave W as a zigzag
Wave X may or may not be finished yet, it could turn out to be an expanded flat.
or it has finished and wave Y is underway already.
After this correction finishes im foreseeing that it will make a wave 5.
Maybe to $25.000
NFA
The big zigzag correction seems like its finishing with the C wave in it's potential final phase.
Wave 5 can reach $15k if it will be as long as the 1 wave.
