Price action is now testing its standard pull back area now on the 200 Day MA and the 0.618 Fib, I would like to see a hold on this level now, a hold here and I would expect a reversal to the upside and up towards the First Target at $2.77.
This would also encourage me to add too.
Downside risk would be the 0.78 Fib at $1.76 and the worst case would be a fall down to the blue line at $1.50.