Giggle chart pattern and potential bounce

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Looking at the Giggle chart, expecting retrace at least to the 0.5 level. Note, could wick down to take liquidity just under the 0.5.
2nd scenario, is price has a bit of a pause at 0.5 but continues down to the FVP below which was previously filled around 53 (circled).

Watching for appropriate reversal price action and also correlation with BTC, ETH.

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