Are we heading into a 3 wave correction? Going to get rocky.

At this point it looks like we couldn't get back above the gap to test 24 JAN's overnight halfback short frame position. Monday's low is tested we got 20 DEC's halfback to look at if there are any buyers. I marked this area as new money entering the market. We can see if positions are defended. If they defend their positions or we don't test it we could be looking for a 3 wave. I'll be looking for more clues later.