Previous markup channel is obvious.
A: Not a huge increase in vol. after selling climax suggests reaccumulation.
B: Change of character suggests cause being built. Vol. decrease on SOS (sign of strength) and increase on dip (spring) gives away (re)accumulation confirmation.
C: Spring shows highest vol. signature.
D: Low vol. rally away from spring into BUI (backing up into ice)
E: Markup to begin.
Point and figure chart calculations place TP range between $56 and $62. The exact TP will be decided once the range is closed in on and I can see new consolidation forming.
Entry expects some drawdown to fill gap between then and previous day.