Very much broke out of the consolidated trend and has looked strong, that being said, I am not seeing the start of an impulse wave, I am seeing an extended Wave 4 in red, I have made my views clear about this last week and unless the setup is here, its not a buy for me.
For this to turn impulse for me, I would need to see a pull back to close to $28 and hold a Wave 2. If it can pull back and hold, then its looking structured for me.
So What Now?
I am waiting to see how this structure develops, for now, I am not happy with the set up.