In my opinion, if one was to subscribe to Elliot Wave Theory,...

In my opinion, if one was to subscribe to Elliot Wave Theory, and considering the time frame for the last upward 5-count wave, and the fact that the price has now broken below the upward trend support line, I would suggest this is now in the process completing a protracted A-B-C correction wave. So I would expect further downward pressure until the cycle completes, possibly around $0.25 to the 61.8 % Fib retracement level if it breaks below the 50 EMA, which would complete the C-wave well below the A-wave at the 50% Fib retracement level. In which case I’d expect this corrective wave to precede the next 5-count wave up, which could be extremely bullish! If it plays out as such, then it may well coincide with the positive news flow as expected over the remainder of 2021.