Pulling back now after a nice bounce from $56, I suspect this is a pull back for Subwave 2, I want to see this hold at the Wave 2 zone between the 0.38 Fib and the 0.618 Fib, a good support here and we are into Subwave 3 next.
A higher lower here and this is in a good position. So far this is being held at the 50 Day MA on the 1HR right now.