Giggle chart pattern and potential bounce

Looking at the Giggle chart, expecting retrace at least to the 0.5 level. Note, could wick down to take liquidity just under the 0.5.
2nd scenario, is price has a bit of a pause at 0.5 but continues down to the FVP below which was previously filled around 53 (circled).

Watching for appropriate reversal price action and also correlation with BTC, ETH.