Correction before going lower

From the wave (X) top, price declined as expected and found support at the 100% fib extention. This is where the first part of (Y) has ended. This puts price in X of (Y). I'm expecting this to be small, but keep in mind that it can transform into a bigger corrective wave, like a triangle or bigger flat or complex corrective wave. After X of (Y) ends wave Y of (Y) should start taking price to around 1.3725.