On the other hand, you could ditch EW's and revert to classic...

On the other hand, you could ditch EW's and revert to classic and basic Technical Analysis 101,,, based purely on Dow Jones theory.

ie
Trends (a la Dow Theory),
Support,
Resistance,
Patterns they form (call them whatever you want, triangles, flags, pennants,, essentially they are formed by the fore mentioned)
They are not super reliable , but I'd give them better than 50;50

Looking at this chart, and take a better stab than EW's.
It has classic trend lines (green), short term resistance (red) forming a pennant, and gives an indication of measured move to $33.40 (if it breaks high)
(If the triangle doesn't break down (yellow line) . Very possible with historical POS. !

One could then guesstimate a run to around $33.40
(It should break one way or the other !)
My guess is high more often than not.

If it breaks down, it is NOT uncommon.. But I simply like to put odds in my favor.

Often, even if it does break down, a quick rally straight after is even better indication of a run higher.