Right now, it is very difficult say if the Feb 3 low is THE low. So far, the move up looks like an abc zigzag. If that is the case, then we should see one last move down the swipe the December low, shake out all stop losses and start the real wave 3. Price can still move up towards $14 and make another lower high and then crash again. But, if price keeps makings higher highs and higher lows and somehow can come out of the downward channel in a complete 5 waves, then wave 1 of 3 is most likely. I will wait for the reload. Either start accumulating on the next leg down or wait for 5 waves to complete and buy on the retrace of wave 2 of 3. In the meantime, selling secured calls and puts in the trading range to keep things interesting....
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