An alternate count for KNB. Could be starting the 3rd wave of the larger degree just now. The second corrected into the smaller 4th triangle area. Seems to be a valid setup. If this is the case, then we have a shallow 2nd wave, which means higher targets!
The other alternative is we are going into an extended 5th wave. Either way, it's hard not to be bullish. Key level for me is the resistance (just broken) at 5.3c, this was the 61.8 fib level from the peak down to the 4c low. If we fall back through there it could still be in a larger correction for the 2nd wave in the chart above, i.e. the abc down to 4c was the first leg in a larger ABC etc.
