Aurora: Pullback

In the last seven days, Aurora initially saw a significant move upward, but sharp sell-offs at the end of last week erased nearly all of December's gains. These declines are, however, in line with our expectations: We still anticipate new lows within our green Target Zone between C$5.58 and C$3.84. Once the interim correction of the magenta wave (2) is complete, we expect a sustainable continuation of the overarching upward impulse. Wave (3) should then pave the way for gains above the resistance at C$11.97.