Waiting for confirmation

Price has rallied in what seems a lot like an impulsive wave. This wave did not make a new high so it should be part of a bigger impulsive wave. That is why i'm counting todays rally as a wave 1 of C. Note the inverse head and shoulder pattern for a wave X low. Breaking the neckline should accelerate the rally. Wave 2 could be complete but could require another low. A break below the rising trendline would put the count in danger.