So we did fail to hold the neckline of our recent W pattern, although after pulling a fibonacci retracement from the second previous low to the most recent high, we can see that we broke the .312 level to only come straight back above it to hold. I predict that we will see the price level climb back the the high of the W pattern, before a small consolidation and then a break out to the upside to see once agian our long term trendline.