Started a nice Elliot Wave pattern, coming to the end of the forth wave, Looking at the Stochastic Indicator says we are oversold right now so cannot see much downside left before the start of the fifth wave followed by a ABC correction. Also a gap needs to be filled around $8.50 If it follows this pattern it will also create a head and shoulder pattern which will start ensure trend reversal..
You said "will go up" but the price target $4 you've mentioned seems like a downtrend, not going up.
Did you try to say we are now at 4 followed by the Elliot wave before Abc wave right?