2016Sep10 The price will likely continue down to $102.26 and possibly as low as $101.69.
The 61.80% level falls below the support area at $102.51. The price keeps hammering at the 102.64 support level and will likely break through. Unlike the drop from $102.52 to $102.07 there are no bullish candles at the bottom. The RSI is headed down.
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I would place the stop at 102.98.
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I am still waiting for the window to close.
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The window has closed I am now short. Target of 102.26 and a stop at 102.98.
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Target reached. Now waiting on a retracement to the 38.20% level.