If the price can pass over the triangle, it can go to the 4.20 level.
Now its new target, in my opinion, is $4.40-4.50 range.
Briefly, the price movement from $3.39 to $4.20 was an A wave. $4.20 to $3.70 was a B wave. And, this one will be a C wave. As you can imagine, I expect a further D and E waves.
A little background about what happened so far:
- 1st wave: 3.60-4.40, 2nd wave: 4.40-3.80(ish)