my 2 ct's. fwiw simply reading price action
On a 4 hr.- 6/3 low to 7/26 high we've retraced 38.2% (2916) (green line on the 1 hr. chart).
We first need to see some type of ending action on a 60 min time frame (a spring, sot, followed by a buying bar).
Were reacting from a monthly danger zone (chart posted earlier).
This is the 1st area of support, next -50% (2881) & -61.8% (2846).
With a monthly sot in the background, we may need to go lower to find demand.