First wave complete, then a flat, now about to launch into full wave 3
Short term must see 5 waves up and get to at least $25.8-$26.
Longer term target 1.5-1.618 extension of the first wave
No trade yet. Watch for a rally above $19.30 which could signal that a false breakout below the prior lows occurred. IF IT KEEPS DROPPING, WITHOUT GOING ABOVE 19.30: NO TRADE.
Keep a tight stop loss below the recent low. Conservative target at the descending trendline still offers a nice reward:risk, with potential for a huge reward:risk if the price breaks...
