A bit academic but what about the count below as a possibility...

A bit academic but what about the count below as a possibility for the SW5? And no I don't see $10.60 as W3 because it impinges on the range of W1 as you suggest. If it's not W3 then that suggests W3 has to be north of $10.60 and Wave 5 is even further north. The other option I was looking at was because the waves marked "1" actually stretch over 4 and a half years - perhaps this is a full cycle and if you follow the green numbering then the point marked as "2" would be C. With some imagination I can then see a 5 wave structure rising to the $10.60 - although the duration of each wave is only a few weeks - which seems too short (but not impossible) for me. I'll just need to wait and see if price rises and invalidates that theory or falls away materially and supports the logic. Fibonacci retracements of Wave A and Wave B in that scenario suggests a fall to about $3.50 (I'm just reaching for the asbestos underwear in readiness for the barrage of abuse from the Z1P fan club!).