Sort of similar picture of what gold has been doing.
Mayor containment area denoted by $91.90-$89.325.
Buyers response into the lower end of the (broader) balance area has develop into a second (smaller) balance area $91-$90.70.
Thus, some scenarios to work with:
a-) acceptance into balance area denoted above
b-) buyers maintain control into $92.20-$92. Into that event, I will be looking into $93-$92.40 as an area where I would expect some sort of selling reaction. I am currently working with the idea that a breach of $93.20 will likely bring into $94.80 as extended target – Before that $94.20, $94 & $93.60 are key price points.
c-) Sellers keep the pressure into lower areas of value $90.40 as a key price point. I am looking into $89.40-$89, followed by $88.40, $88 and $87.70, as extended targets.