not only that we have a falling wedge that broke to the upside there, but the downside trendline from the whole move from the 1.50 area is broken as well....this makes the case for a nice retracement, so even if this is a c wave to the downside or a first wave in terms of Elliott, we still need a nice retracement.....one week expiration because if this move is corrective then we want to avoid threes in there (abc's)