[DRD] update

In the prior post on DRD I suggested that the shares were at a crossroads with orange or blue paths likely depending on whether EWI would likely turn out to be right or Avi. After a bit of meandering, the orange path was taken (EWI) and the breakout occurred to telegraph the rally.

Now I count wave 1 up as being complete and the question is, what are we looking at now.  I have to say that while there is room for some interpretation, I would not be surprised to find that the recent bottom was only A of 2 and we are now working on B of 2.  Eventually I would like to see a full 61.8 fib retracement to fill the gap as marked by the pink box.

If DRD does this, so will all the miners IMO.  Same general shape.  So don't chase wave B if it begins to rally in the next 1-2 days.  Either buy ASAP and then have it on your mind to sell in the region of the 23.6 fib or just let it play out and catch it at the 61.8 where it will be set up for a massive 3rd or C wave.

Of course a break out to a higher high means wave 3 up is most likely in progress.