AVAX - correction may have ended

AVAX correction may have ended on January 24th. The three legs down bounced from both the 50%-61.8% retracement of the move from the lows and into the 61.8-78.6% Fibonacci extension related to the XWY correction. These conditions suggest that wave 2 in yellow may have already completed. A possible trade would be to buy a pullback intoto the 50/60% retracement against the 27.15 lows. However, a double correction into the 20s area is still a possibility.