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The analysis of FET/USD on the 1-hour timeframe indicates that the price briefly dipped below the 50% Fibonacci retracement level of the recent upward impulse, which is positioned at 0.31434150, but subsequently reclaimed it. This suggests a lack of decisive bearish momentum at that specific retracement point. The current pullback is noted as being deeper than ideal for a typical fourth wave correction, which introduces a degree of speculation into the scenario of an immediate higher move, suggesting a potential extended B-wave. The probabilities are considered high that the asset is currently engaged in a larger B-wave correction due to the absence of a distinct bottoming structure following the previous ascent. For a conclusive confirmation of a meaningful low and the initiation of a sustained bullish impulse, a decisive break above the 50-cent signal line or a clear five-wave upward move is required. Conversely, a sustained break below the 31.4-cent level (0.31434150) significantly escalates the risk that the B-wave top has already concluded. Further critical support levels are identified by the 50% and 61.8% Fibonacci retracements of the broader move, specifically at 0.22607331 and 0.19407381, corresponding to previous swing lows around November 4th. Until the aforementioned confirmations or invalidations occur, the market is likely to remain within a range, potentially retesting lower support zones. The absence of clear signals prevents a definitive confirmation of a meaningful low.