Waiting to see if this if this idea pans out. Wyckoff consolidation pattern and look to have a BC, AR, and SOW. Price currently at mid channel and may be a LPSY and go down from here or see more upwards movement for UTAD and then down movement. EW can have a 5 wave complete already in which case we are at LPSY. If we see a new high, will be an alternate 5 wave count.
Comment:
Looks like we are heading towards UTAD if things pan out. Could be another ST but right now alternate wave count supports the UTAD theory.