I should also take in consideration the possibility of a bearish breakout, resuming long long-term bearish trend. In that case, within a lower time frame i will seek for a short entry after the corrective move, after the breakout. The target will be (again), an eventual AB=CD pattern that will complete "somewhere" inside the cluster zone. At this point, to me, appears to be a bullish cycle after the .50% correction. Eventually is forging a bullish channel with higher highs and higher low's. This is a Monthly Chart. ;)