I'm taking a look at this current structure we have and theres a couple ways to count this using elliot wave. I believe simpler is better and I like the way this count is looking. With a 5 wave structure up from the 2018 low. We currently have a retracement to the golden zone which could be it for this correction if your counting the structure as a WXY correction.if your a longterm holder you may want to split your buys between here,78.6, and 89% fibonacci levels. It would be ideal to get one more push down to the 78.6 because on a macro view most elliot wave 2's come down to the 78.6 level. Either way it would be wise to look for a long position not a short position.Good luck and happy trading guys and gals