From the minor low on 9/23, we have a reversal of 5 waves up with a downward channel formed after. We may see a small decline to the 23 cent range around the 50% retracement or slightly below to the 61.8% level and prior consolidation before regaining the upward momentum and pushing beyond the wave 1 high.
This supports that the intermediate wave 2 we followed last week bottomed around 21.9 cents.
