The price is rallying again today as we approach the FOMC and there are several pattern I thought you should be familiar with.
The scenario - Two will complete near 6900-7000 ( and ).
If the price will rally following the FOMC statement and will manage to over come the 200 line, these patterns could be your extended target levels
The scenario here is that the price will not manage to overcome the 200 line and break below 6500. In that case, 6150 will be the completion zone of a pattern.
This analysis is part of a special post towards the FOMC I just posted and you can check it out if you want to: