Analysis

Y looks like a failed wave down
Wave Y is potentially completed.
Wave 1 retraced to only 0.382
Can assume Wave 3 will retrace up to 0.618
Possibly to the 0.786 regions with strong wicks poking.
If it reaches 0.786 and doesn't hold, it will be a failed wave up

Scenario 1:

We're on our first impulse wave up.
Just completed Wave 3 for a 1:1 extension.
Targeting Wave 5 to be at 1.618 - $9.8599

Scenario 2:

Scenario 2:
Y looks like a failed wave down
Wave Y is potentially completed.
We're on our first impulse wave up.
We are in the midst of Wave 3
Targeting Wave 3 to be at 1.618 - $9.8599