The chart likely just put in either W3 of C or WC outright. That small red wave 1 does indeed look like 5 waves up and the pullback from that level could be wave 2 or B. Assuming the wave moves up next and not down, it will likely either fill the pink gap and then head to a lower low or it will blow through the gap on its way to blue 3 (or C). We won't have to wait very long in order to get our answer here but if this goes to $22.35 and then reverses downward to a lower low then hang on for the bounce to the prior 4th ($22.35 ish) and then dump it.
IF this WC wave moves up from here it would form a bullish inclining double bottom as shown by the grey line.
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