Set a range from between 315 and 45 that's held for 22 years from the high. Split the range up into its proportionate parts and you have price just below the 1/4 point of the range at 112.5. Shows weakness. One might conclude a trip to the old base of 45 was in order or at least a reasonable possibility as that is what happened last time the 112.5 was broken.

Price has been going generally down since the 5-11's secondary and nearly double top at 315...that's long in the tooth. 93-94 months with price at 95.625...last bottom of 9-18 low price 95.10.

Possible short term point for a double bottom especially since time from the 5-11 high is 93.75 months. That could be one of those metaphysical balance points between price and time. I don't put a lot of stock in those because I have never been able to develop any hard and fast rules...they've always been points of, Hmmm??? 🤔

So I'd say...she goes to the 95.625 in a few days. Then we have to wait for the story. If it holds proud of 95.625(like the last few days lows) and starts making higher lows and higher highs...well, think about going with the flow because they don't always tag these points.