From the chart above shows that prices are still moving within the period of overlap between the 231D or B (blue) and 231D or C (black). 231D Blue or B is the CONSTRUCTION AREA which will end on 2017.01.16 (min) or 2017.02.27 (max), where this construction would be likely to fail if the price closes below $ 1210 and in this chart shown that prices previously in the 231D Blue (A) always bounce at Fibonacci 0.382 ($1193/$1205).
On the other hand, 231D Black or C is a TEST AREA which will end on 2016.12.12, where the $1210 level will tend to be tested and if the price can be closed under $1210 then the next 231D or D is estimated to be a COLLAPSE AREA.
At least $1249 (0.382 Fibonacci level) must be maintained by the Bulls so that Bears can not test $1210 so it can be interprets that its the TEST AREA in 231D Black or C. Overall at least $1210 must be maintained by the Bulls until 2017.02.27 (max).
--- From The Desk Of Nubie ---