Aurora: Floating 🌊

Aurora is floating and relaxing in our turquoise zone between $1.19 and $0.55 and has drifted below the 61.80%-retracement at $0.95. Although the share could finish wave II in white anytime as it has sufficiently tapped the turquoise target zone, we rather expect Aurora to sink a bit deeper still to conclude the current movement. However, by the bottom of the turquoise zone, the share should establish the low of wave II in white and subsequently turn upwards, heading for the resistance at $2.15.