Price testing the 0.618 FIB level from the last impulse run-up. Potential double bottom on the 1 hr is evident, Price may go a little lower to test the Bigger picture double bottom neckline. Retracement leg has 5 Eliotte waves evident, Looking for price action to consolidate in the yellow box and provide an entry long trigger. Fundamental and sentiment: Price action may be sensitive to headlines about Omicron and general global COVID restrictions.