This wave started at the Dec. 12 low of $14.57-1/4, unfolding towards a range of $15.28-1/2 to $15.35, formed by the 76.4 percent Fibonacci retracement on the fall from $15.77 to $13.72-1/4 and the 61.8 percent Fibonacci projection level.

A further fall from the current level may be limited to $14.83.