Trying to hold the 50 Day MA here, I think for both cases, it needs to pull back more, if this is Subwave 2 in green, it is not complete and Wave B in red would need to pull back close to the previous low in order to move as a corrective wave.
Bulls should be happy as long as this stays above the bottom blue line, if they can get this above the middle blue line, they are in a good position to go higher to $22.