After almost tagging $50.00, shares of Micron Technology $MU has been in correction mode. It found support around 40.00, but I think we can see a lower price before the correction is complete. MU Daily Chart(click to enlarge)ABC Correction:- We already got a correction swing from 50 to 40.- A bullish attempt followed this "a" swing. This bullish attempt, wave "b" concluded at 47.- We are now seeing another "c" swing down. - If we project c = a, than we should anticipate the correction towards 36.60, which is a previous resistance pivot.- If the correction extends, there is potential to fall towards 33-34 support/resistance pivot area. This area will also be supported by a rising trendline.- Therefore, I believe price might go into the 33 to 36.60 area before the correction cycle is complete. - At that time, the RSI will likely be in the oversold area (under 30). A bullish divergence with price in this area could be a bullish signal.