Conflicting views here....
First:
We have a clear break down from the wedge and it is showing that the breakdown can go as low as the bottom blue line, remarkably close to the blue line it must be said.
and Secondly:
We have a hold on the 0.887 Fib for a potential Wave C and bouncing strong.
I think the 200 Day MA will decide this....a flip of the 200 Day to support at $8 and this can move higher in an impulse wave.....a rejection here and this can make a lower low below $3.94.
We will check back in with this soon