I believe the move from 8.50 to 23 was Wave 1 of macro Wave 3

FSR likes the .786 level for retracements of waves. Therefore, this will correct to the .382 or .236 level before retracing to the .786.

Long to $20 then I'll wait and see.

The count will be invalidated if the .681 fib level holds on the back-test.