I expect the 18.30-20.80 area to be the bottom of wave 2
Need to break $19 with solid volume. If so we could test $25
Todays low is 15.07 which is the 50 dma. RSI sitting at 43, and Stoch showing a reversal.
As long as we stay above the wave II low (9.20). Wave III could be massive
Broke through the bottom of the bear pennant. May fall lower than previously expected
Today's high could be the top of wave b of C (II). Could see 11-12 wave II bottom IMO
Best count I have for now. Invalidated previous wave ii low. Could still develop into a 3 of III here
Wave i of 3 did not play out like I thought it would. Could see 16.50 for wave ii of 3 before moving higher
Setup looking good here.