$LINK : The initial upside reaction is constructive, but still lacks the strength to confirm that wave B or wave 2 has completed. The first resistance zone to watch is between $16.92 and $17.90.
A break above this zone would serve as the first meaningful indication that a low may be in place and that the next impulsive leg could be underway. Until then, the structure remains tentative, but the reaction is worth watching closely.