As I don’t see any major momentum divergence in daily chart
, I think it is in wave 3 of wave III
. There is a gap between $54.95 and $62.12. Either one of these price could be a support. I see some divergence in hourly chart. So it may be consolidating at this price level between $54.95 and $70.11.
Risk reward ratio is too high to initiate a new trade now. But if you are long, keep holding it.