We were waiting for an abcde sideways move inside the larger B wave. It looks like either the e wave ended short, or we could have just had an abc inside the B wave, which would mean this could be the next impulsive move up. We could go long and set our stop loss to $2.30. If price can hold above 2.33, technically this is looking bullish now.
This structure seems to have morphed into an ascending triangle so after one more pullback to 2.30 ish should have liftoff, still patiently waiting to enter long
MonetaryRebel
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@Vonzey, Agreed! I'm still looking for a target of around 3.80 but we do need that bounce first.