[DRD] update

Per the backlink model:



The wave looks like it finished out a HT and then went up  impulsively as expected.  So now we have what looks like 2 impulsive waves up separated by a 3 wave retracement.  At this point one must rightfully worry if this was just an a-b-c and, given that no motive wave has been put in at this degree off the bottom yet, the prudent trader bails out here and then waits to see what the first retracement looks like.  Is it a-b-c back down to the $2 range?  If so then great, jump back in and set your stops just below.  But if we get 5 down from here it likely means that DRD will do a deep pullback from here, perhaps even to new lows.