I see some very strong diverge on the weekly chart. Even smaller timeframes look to be coming to an end of their downtrend in the near-term. This is the lowest low we've had, so it's going to be a strong support. If we break through it, I'm very comfortable taking a 7-8% loss. But the long-term upside is 20% conservatively. The R:R is too good to ignore. I've entered the trade and will add to position when price begins ticking up on the daily.
Conservative Target: 16.20
Aggressive Target: 20.42