[LL] update

At the backlink I provided this model:



Here is my current, slightly modified count of the zoomed out wave on the log scale.  After that capitulation dip last week which momentarily touched the high 24s before reversing intraday and then closing green, I think new shorts should be very nervous.

And make no mistake, this stock is loaded with new, retail shorts now.  The chart below shows the full decline.  Look where all the volume happened: during 3rd of 3rd or (3rd of C) and then 3 of 5 of C (or 3).

While it is not confirmed that the bottom is in (we could still be forming some kind of small degree 4th wave), any new bottom that forms should be short lived and then we should have upside to at least the $36 range and that assumed that the recent dip was a 3rd and not a C.  But if this is a C then the bounce will be much higher.