Take note on previous lows that were made and how current one is similar. .... watch for a potential swing failure of the low.
A 1 hour higher high close may give entry to tell you things have shifted.
Initial leg down tagged a 0.382 retrace of the impulse and now price is hovering at the 50%. This is usually where you find the wave 4 lows.
Just need a change in trend that may happen when NY session closes or starts winding down in the next hour or 2.
Also, that would be a prime opportunity to short squeeze next week when CME futures open if a low is made and 119k is traded
