A 3 wave pull back since hitting our Wave 5 level is certainly visible now and the pull back came in between the 0.5 - 0.618 Fibs, so this is as standard as you'll get.
After a pull back of this nature, we are looking for signs of a reversal, so higher highs and higher lows and recapturing important MA's
So far we have a higher low and the price action is trying to recapture the 50 MA on the 1hr now right now.
Good start.
A higher high above the 0.38 Fib at $0.042 is what I want to see next.
Overall, very happy with the pull back so far and holding above the 0.618 Fib
Wave 3 remains the target at $0.08.