A: Not a huge increase in vol. after selling climax suggests reaccumulation. B: Change of character suggests cause being built. Vol. decrease on SOS (sign of strength) and increase on dip (spring) gives away (re)accumulation confirmation. C: Spring shows highest vol. signature. D: Low vol. rally away from spring into BUI (backing up into ice) E: Markup to begin.
Point and figure chart calculations place TP range between $56 and $62. The exact TP will be decided once the range is closed in on and I can see new consolidation forming.
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Forgot to add above:
Entry expects some drawdown to fill gap between then and previous day.
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Using point and figure charting, TP area has now been calculated. Potential retest line and volume peak on spring has been added for easier understanding.