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The support is the 100 percent Fibonacci projection level of a downward wave (3) and has triggered a wave "4" rebound. Strategically, a fall below $2.24 is needed to confirm a wave "5", progressing towards the 161.8 percent Fibonacci projection level at $2.1170, based on the length of the wave (1) and the peak of the wave (2) at $2.4390. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.