$MP has seen some resurgence since March as there was a notable move back into precious metals and $MP benefited from this rise, it also managed to find support on the bottom of the channel too.
But $MP is at its last Fib support level now, so it needs to start showing strength before we can assume that it will start moving up in an impulse wave again.
Price is above the 50 Day MA now but getting back above the 200 Day MA at $18 will be needed and then a test of the channel at $20 is possible next.