We could be in a complex reaccumulation bouncing around between $3.85 and $4.08, as a temporary situtation before a longer elliote wave 5 up to the $4.50 range.
Market makers might be testing out both sides of the range to shake out weak hands.
Multiple Fakeouts or Upward Thrusts (UT) are happenign with all the over-eager buyers; these false breakouts trap breakout traders.
We are seeing Multiple Springs: where price dips below support to stop folks out before reversing.