Today's price action reads to me like we're prepped for the...

Today's price action reads to me like we're prepped for the solid leg up. If I didn't know better, I'd say the trend upto 2.6c was wave 1, then back down to 1.6c was wave 2. I'm thinking that the bounce off 1.6c level with high volume and the depth building signals a nice reversal. If anyone was paying close attention, the second breakout below trend on 15 Oct was a great signal to drop maybe 50% of your position for a positional profit taking. Then re-buy at current levels.

Looks like someone has almost been painting this picture manually. Looks a tad over-sold right now as there is a nice bit of resistance between 1.7c-1.8c. Again, a great opportunity to top up or get back in if you're so inclined. I see @blister has already taken a bite...nice one brother...