Earlier I had posted 2 scenarios based on Elliot wave about the potential direction of where POL would go. These scenarios are now unlikely since they are based on impulse in one direction (hasn't really happened). This scenario below (barrier triangle wave 4) is probably the most probable scenario for me at the moment: Another bounce at ~$1 mark before a down and then making a new all time high. RSI has reset nicely. Only thing I don't like about this is OBV (cumulative volume) weekly for POL has been in a downtrend since the first top in December. Can see it if you go in weekly frame - want to see this pickup before the breakout.
If POL decides to drop below the bottom support line (blue) it was a WXY correction instead of triangle (second photo from earlier but probably only to the 0.5 FIB instead).
Either way, the bigger the accumulation, the bigger the breakout. One of the only stocks in my portfolio I'm still happy if it drops in price.
(20min delay)