Following on from my above chart and post:Looks like the area of...

Following on from my above chart and post:
Looks like the area of support between 2.6 and 2.4c, which I identified at Fib 88.6% retracement earlier worked out just fine. 2.6c being retested first thing this morning, SP held forming a Tweezers Bottom and took off from there to close at the high at 3c and with that forming a Bullish Engulfing CS pattern. At the same time SP now is testing not only the descending pink channel's supply line, but also the ascending green channel's demand line. So no breakout yet, but as close as one can get to it! Because my indicators either have turned up already or are about to (check green ovals), so the chances of getting a breakout any time soon, IMCO are looking strong.
Here is my updated daily chart ...


This time I will also included my EWT based wave count, which is clearly quite different from others, but showing that it is well within the EWT rules. With that the 6.4c high was the wave (1) up high consisting of 5 waves up, followed by wave (2) down, which BTW not only makes it possible for a Fib 88.6% retracement of wave 5 up, but at 2.6c it also reached the quite overall the Fib 61.8% retracement level from 0.004c to 6.4c, which is quite normal.
The good news from all of this is that IMCO wave (3) up is now to follow and after reaching Fib Extension level100%, it has a theoretical target of 12.3c at Fib 161.8% Extension unless wave (3) is presenting itself as an extended wave, which fundamental reasons allowing, could reach even higher! However let's do one step at a time, because we can always update as things develop!
I hope the following chart makes sense to those who understand EWT and EWT rules based wave counts ...