Following a bounce at the third arc, prices generally show a tendency to move back towards the 1x1 angle line. This is placed around the $78 level currently (moving lower). Hence rallies may have a max extent around 75-78 in the weeks ahead.
Larger degree trends continue to remain down. Hence only a rally is expected to unfold in the weeks ahead. Such rallies can be traded in the short term while longer term players may use rise into resistance to short later.