While many people were calling 200s, and theres a good reason to expect 200 in the future we have bounced up from yet 5th consecutive gann angle at historical support. Many will contribute Paypal news to the rise, but anyone that understands market structure and gann went long with a sl below that pivot. If you look we have reversed at every gann angle since November 2013 run. Many people look for price action i would say time is more important. a retest of this current low would mean a failure and fall to subsequent gann angle, but i would say theres a very high chance and my call is we will see 500's and touch of ote and angle before returning deeper. Time is more important than price imo and will look for a touch of top angle coinciding with ote .705 fib off previous drop to short.
