Prices have since been in consolidation mode in the form of a expanded FLAT.
The consolidation appears to be completed.
A successful break to the upside could bring prices to a range between $82.24 (Fib Exp 1.5x) to $85.36 (Fib Exp 1.618x)
Break of Critical Support could imply any of the following possibilities:
(1) A much larger scale FLAT is forming where prices could likely find support between the range of $20 and $30.
(2) Prices are in an A-B-C correction and will break its Nov 2016 low of $9.40
Till then, the operative wave structure supports the bias to break upwards from current price.
A break above $51.33 will increase the probability of the initial analysis.
On the other hand, a break of the short term critical low will imply the other alternative scenarios mentioned.
This is the 2nd time prices are testing this resistance.
Though not necessary, prices could consolidate for a short period before attempting a break above this resistance.
The momentum is still to the upside.
Momentum is good but average breakout volume has taken the shine off the break up.
To sustain the upward momentum after breakout, volume will be critical.
As long as prices do not break key support, we can expect more upside.
Trade at your own time and target.