This is Elliott Wave, see rule 4 and

This is Elliott Wave, see rule 4 and the chart in this link:https://bullwaves.org/complete-guide-elliott-wave-correction-patterns/

The consolidation is the price correction period starting from the previous high at $9+ and is ongoing. Price just touched the previous 4th wave on Friday, the first time it touched this point was right after the top, which wouldn't have been sufficient time for a wave ((2)) of higher degree correction. The fundamentals are in place, company expansion underway, graduation to Nasdaq looming, Boom wave ((3)) begins!