Watching to see how this wave develops. Staying on the sidelines for now. I'm leaning short and seeing it breaking under the previous low based on assuming the previous move down is a Wave 1. Going to wait for a impulse move up before looking to enter unless it progresses well on the downward extensions. At that point, I'll look at entering around the 2 to 2.618 extensions. Don't want to catch a falling knife...
