Now I am not a big fan of drawing these kinds of patterns but a clear corrective count could be given from the peak, still waiting to be confirmed. What now appears to be forming a from the failed IH&S could turn out to fail aswell. What I'm more interested in analyzing this stock, is the obvious channel movement from the forward. The gives indication on completing the major corrective pattern from ATH . Though it has been rejected by a short term , it could still give five waves down.
This is a stock that many use as a long term investment and the buy-in right now could be right around the corner.
I marked out the short term resistances to support further correction, and I also marked out the rejection point as a support. The count is highly experimental and I'm relying on the channels for this one.
Conclusion: This may not be a bad time for long term buy ins. If it breaks the channel I would add positions along the way. Not financial advice.