Now lets zoom-in to check a structure of that final decline in the wave ( C ) down. Under the Simple Zig-Zag pattern the final decline in wave ( C ) down has to have an impulsive structure, meaning it has to be subdivided into five smaller waves. We can attempt to nail a bottom of that decline if we count full five wave down in wave ( C ) of ( 4 ).

As you can see below, so far we might have bottomed in wave iii and now are in a corrective move up in wave iv up. We need another push down in wave v of ( C ) to complete that large correction. We will closely watch the stock and once it starts he final micro wave v down we will start counting it on a much lower scale, first on 45 min, then on 15 min and finally we may zoom-in to 5 min chart to ensure we are buying really close to a potential bottom.