CIFR deep pullback before more upside?

CIFR appears to have completed 5 waves for wave (1) of 3 completing at the previous all time High Volume Node where we expect Elliot wave 1s to complete. The orange channel boundary also had a throwover and drop back, an ending pattern!

Wave (2) has an expected shallow pullback of the 38.2 Fibonacci retracement at the daily pivot and High Volume Node support $7 where I will look out for long signals. The ascending 200EMA will also meet this point making it a quadruple support and an excellent opportunity area if price gets there!

If we continue into price discovery the analysis will be invalidated and I'll take a breakout long.

Daily RSI hit overbought but has since fell with no divergence.

Safe trading