Scenario A - Bullish: 3 stairs down then we turn bullish similar to April 2014. This will peak at around 480-512
But since I do not always believe in patterns repeating themselves, else trading would be so much easier for everyone and everyone will be rich. Then Scenario B comes into play.
Scenario B - Bearish: Soon traders will notice that we are not able to break the top (@ $355) of the downtrend... After few days or 1 week max of waiting, to their utter disappointment nothing is happening as they expected it, the majority of traders being impatient will start cashing out and shorting especially the long time holders who bought at fairly low prices (a year ago or so e.g. $100-300) hence dragging the market down to the $171-225 range. From there we would rebound and retest $300.