Looking at the 50% and 61.8% retrecement regions for buying points 1 and 2 respectively. Currently (22/1/14), the buying point 1 is trying to hold. However, if Buying point 1 is not held and the sell-off continues, will be looking for a weekly/monthly bullish
candleline at the 61.8% retracement
level (similar to that seen at buying point 1) and determine if Buying point 2 is to hold.