The target for the wave 5, is the zone between 1.618 Fib extension of 1-2 Waves and 1 Fib extension of 2-3 Waves. The stop-loss is just under the end of Wave 1 as according to the Rules, Wave 4 can not go lower than the end of wave 1.
So, if wave 4 retraces back to 0.5 and then bounces back, that would be a good point to entry, because the gain potential is huge and the loss potential is really low. But like I said, it may not retrace it to that level before it begins its way up to form wave 5. There seems to be a channel support forming as the correction pattern seems to make higher lows.
Let's see if the price will bounce back soon to begin the big wave 5. Fingers crossed ^^