After price failed to make a new high, it is predictable to have a steep ABC zigzag correction. I expect price to bounce from .5 or .628. Confirmation of a bottom will be either a W impulse/retrace or a head and shoulder as a buy signal. Another confirmation I will use is break of the near term trend. I expect this price movement to be rather quick. There is a gap, and I expect the gap to be filled. I would be surprised if it only did a .5 correction.