When i first started to look at this chart I was not very happy that i was spending time with it. However the more time I started to analyze the chart, I began to like some of the confluences of where price may go to. The 2.618 extension, lines up with a prior top of a w bottom. I just cant seem to find anything that points out from me seeing the market respecting the 161.8. However I am bit cautious once price goes to the the 100% extension.