zippy1day

zippy1day

We are coming to the end of the triangle i.e. (E) or around $388. So if this holds we can go possibly to $852 in a hurry, with a stop around the $650 level, or test the lower levels of support with $369 ~ $350 being the bottom ~ anything less would negate this scenario.

zippy1day

Lowest level now $380 ~ $390 with a $640 ~$650 upper target level. Anything below lower estimates needs serious attention.

zippy1day

This looks like the likely outcome until we hit the Fib date 22/02/2016. After that unsure but will probably be dramatic either way!

zippy1day

Or is it the bottom of a larger triangle?

zippy1day

Look s very bearish short term whichever beast it maybe? If it crosses the recent down trend it is none of these and Bullish outlook Long Term! Certainly very interesting times.....