Target has been reached and finally its come! So now... we are currently waiting for a clear breakout or bounce by waiting for the WEEKLY candle to close on AUGUST. 5TH.2016! Although it may break below , it doesnt necessarily mean it'll continue to drop UNLESS.... it closes below on the weekly! Because if you look at the previous shoulder, it dropped below the S/R but ended up pulling itself back up and closed above it. SO... if you want to find out its direction, wait for the weekly and enter based on that! goodluck!
IF.. it does respects it, we would be seeing it go to the UPSIDE and TP would be at TP #1 at 44 .33
If it continues to move up, TP #2 would be the highest S/R at 49.66