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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

Published Aug 01, 2025Updated Aug 01, 20252 min read
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
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