Looks like a triangle is forming which could indicate wave 4 with a 5th wave to come to mid $40's.
May see a rise back to the top of the triangle, though E wave can fall short of the upper trendline in some cases.
May see a rise back to the top of the triangle, though E wave can fall short of the upper trendline in some cases.
Note
As expected price didn't reach the top of the triangle and reversed from .618 of D wave to end E wave. Looks like it could be going lower from here 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.