Because of the trend not being able to set a new lower bottom, I assume that wave 4 is yet finished with a retracement of 76.47%.
I set my goals on 78.6% , 100% and 123.6% as seen in the chart. I myself bought a little bit to early at $ 55.7 at 6 am this morning (Holland, GMT+1). If you want to be a bit more sure, you can wait for it to set a higher top (what would be inherent to breaking out of the descending trendchannel (/FLAG?)) and then buy after a close around $ 62.5.
Also you can set the bands of your to -150 and +150. Earlier big rises came along with a breakout out the +150 CCI-band, the 70 RSI-band and breaking through the MA. So if you want do reducse your risk. Wait for those indicators to jump in. ;)
Funny note: See how the retracement of the last subwave is EXACTLY the same as wave 4.
All reflections are welcome! Either I see things right or wrong or I used the wrong terms ... anything that can help me in the future, thank you.
Seen this way, I also had to change my goals, they are now:
78.6% > $ 85.10990
100% > $ 94.87600
123.6% > $ 105.64610
I also see that the chart is not updated along with my post. I have to dive into this and learn some more about this idea's. My apologies.