The grey line represents the major fibonacci extension
level from the wave 1 (refer to my last post for a better look at that). The green line is a major horizontal support line. I see a potential higher low to be made. The fib extension acting as short term resistance and this horizontal line acting as support. After this, the wedge
could break upwards. Furthermore, the bullish divergence
showing up in the RSI
can't be ignored.
My idea will be invalidated if a new low is made below today's lows.