Based on the smaller timeframe mapping i believe we are currently in the Minor wave 2 within the Major wave 4. I believe we still have about 2 more pushes to the downside before potentially seeing any Bullish Movement. For now I will be looking for sells. However I would CutLoss If price breaks and stays outside my channel and overlaps with the wave 1 within the Minor Wave 2. Only if both conditions are met I'll be cutting my losses.