The previous analysis was:
Since then wave 4 has possibly finished and we started on wave 5 of which the first subwave has finished and is now being retraced. Targets for wave 5 are close to $4 and higher. The volume is increasing nicely and I expect a peak in volume which will coincide with a peak in price. If the bottom trendlines were to break, we might be dealing with a truncated wave 5.