We have three possible scenarios the way I see it.
A fast drop, an expected drop -- its over (I think). It looks like this is part of a large channel and I expect to see a return to former all time high, soon.
I'm staying out of position for the moment, to see how this develops.
1 - 50% of the fall from the recent top of 1166
2 - 0.618 Fib extension of drop from 840 - 910
3 - Fib channel from the bounce at 735
4 - Strong local trendline
I think we more likely have some down to play, to the 400's. Then, kind off a coin toss after that. But I think there is much more up potential and less room south.
I don't know if this makes sense but it sure is pretty
Consolidate and then up.
Very short term (inter-day) buy and sell zones.