ETH correcting lower

The following chart speculates that ETH recently completed wave (v) up on Nov 10th at $4868 and is now in a corrective pattern that could see it return to the zone between $2627 - $2909. The decline may be very sharp, or it could bounce from here in a bull trap before heading lower. Either way, if the target becomes reality, it would provide ETH lovers an excellent opportunity to establish a strategic position. The 4 hour chart (not shown) suggests an area of confluence between $2808-$2975