I like the number 42. This looks like an AB move to me. Following your red route.
TrendFather
⋅
@AlexSchram, Rather $ 43, if the price breaks down the red zone.
AschraM
⋅
@TrendFather, personally I see it breaking to 42.50/25 zone....just past the 42.75 then the turn around. Also possibly to have a correction at 43 to 44.76 then to 42 creating an ABCD move down before 42 if it consolidates into a bearish structure for a continuation to sell. Lot of expanding wave patterns/structures across the markets. Things are looking interesting. Higher frames keeping the pressure on the bulls still. Just don't see it lasting if it does. Lot of bullish resistance showing at that 44.75 spot tells me even 30's can be in the near future.
AschraM
⋅
Either way... we know we got some buyers sitting around that 43 spot.