First wave of parabolic advance came to an end and it retraced 50% if the advance is dead then that is hardly sufficient, upto 80% should be expected. I suspect we are about to see the second wave, the next target would double the peak so around $600, that though may take longer. Right now for me long to 240-260 is a safe bet... breach of peak all hell breaks lose again and $600 is a serious target.