TTS has basically completed it's almost 5 months sideways correction, which at this stage can be identified as a 3-3-5 Expanded Flat. At first I thought it would be a Triangle Scenario as Wave 4, but it never developed to the point where it's end can be identified.
The end of completed pattern also confirms a Daily RSI, which ended at the lower trendline, as usually most corrections do in an uptrend. Also, the recent decline almost touched the lower line of uptrend Channel.
The simplest way to label the advance would be 1-2-3-4, though internal subdivisions of wave 3 are not perfect.
This means that wave 5 is underway which must exceed the top of $4.20.
The internal subdivisions of the most recent sideways Correction are in the chart below-simple 3, followed by Expanding Triangle and simple 5.
Triangle itself already speaks that the decline that follows is terminal, and the internal subdivisions to todays bottom of $3.77 can already be counted as 5.
Note that the previous two smaller corrections has the similar form, so a probability that this one is a Fractal is high. Fractals combined with complete EW structure points to high probability setups.
It is also a good thing to do is to step back and look at the Big Picture, which somehow has a feel that the above labelling is too bearish. If connected the advance pivots, one can see a classic behaviour of the
start of a Third wave- prices breakout from the First Wave Channel, and the Backtest that follows tests it from above. This behaviour also adds more confidence that the most recent Correction is Over. Both Scenarios point to the higher prices, and which one is in operation can be seen as waves develop in the future and what a broader market will do.
The main point is that the $3.80 is the price at which one must consider buying TTS.
To contain a risk I would say if the price drops to $3.70 and lingers here for a few days, it would be below the ascending Breakout level and the structure instantly becomes unclear-in this case it is better to bite a small loss than wait until market brings another opportunity.