So Elliott wave style, could have been an extended W5 which would explain the pivot, wave 2 of the expanded wave and the potential termination point of the previous W4. Its in the area MO. And is a most likey target for a retrace based off of the Guideline of Depth of Corrective Waves. Some more good is that some EMAs are starting to cradle the PA and got a bit of Divergence on one of the indicators... would have like some nice Div on the RSI though... Not going to get excited until some volume comes in and the PA begins to look like the path on the chart. So alarms set!! Cheers.
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