It has been a long time since I last uploaded this but the chart has continued to follow our projected theory, which shows that a break down from a descending wedge typically falls the length of the largest width in the wedge.
So unfortunately here there is still a risk of a fall down to the blue line near $1.
Only unless the 50 and 200 Day MA are broken above $3 can we expect a reversal and a break of this downward trend.