CBRS: AI IPO at a Decision LevelCBRS is worth tracking after its post-IPO breakdown appears to be reacting from a potential Elliott Wave triangle thrust target.
The setup has several triangle traits: contracting structure, sideways consolidation, 3-wave moves, .618 reactions, and declining volume through the range.
The bounce from the thrust area is interesting, but it still needs confirmation. Price has not broken the lower high at 240.50 yet, so any long consideration on a corrective retrace before that break is aggressive
Long