With all due respect Seabass...
That post appears like the answer to a essay question where you don't know the answer but write as much as you can hoping you mention the right answer.
First you say it Looks like Descending Tripple bottom breakdown What indicators do you see besides the notation on the P&F chart you referenced?
Then you say Wallst TA confirmed reversal as well. We have been in a 4 month long down trend, if there is a revesal that has been confirmed then we should be headed into an uptrend which invalidates your previous point.
I agree with squ1dk1d, we'll see $3 before $1. Today although disappointing It appeared to me that it was just some short term profit taking indicators still show improvement in pps could continue, since they haven't show any movement to the downward with todays trading.