robinhood:0xeb24a2663af4ee979dcbfe39cb95b5f12d369c4b CA: 0xeb24a2663af4ee979dcbfe39cb95b5f12d369c4b Disclosure: I hold a position. It looks as though we are coming towards the end of a period of consolidation on Cerebro. We can note the following significant factors: - We are finding support at the Daily S1 + Point of Control confluence area. - We have had several wicks into the 4H Demand Wick highlighted red, finding good demand there, and we now look to have successfully held the area as support. - We had a large spike of volume and a long lower wick at the low, showing significant demand coming in. - On the 4H timeframe, RSI is neutral whilst Stoch RSI has bottomed out in oversold and is now crossing bullishly. A bullish divergence printed on the 1H timeframe. As always, price needs to get above Wave b ($5.7m) to significantly increase the odds that the low is in. If the current count is correct, Wave 5 should target around $12.4m. (I should note that typically you are not allowed to have the price action of Wave 4 overlapping with the price action of Wave 1, but I am comfortable loosening these rules a little when trading lower liquidity environments. The price action has the hallmarks of a Wave 4, including being a longer, more drawn out correction vs. the sharper Wave 2 correction. In any case, if this is somehow a Wave 2 rather than a Wave 4, all this does it make our upside targets much higher - will review this again in due course if price action gives us a reason to).