It seems we have formed a downward channel and these channels when there is a break its most commonly a break up. On the hourly we seem to have formed a bull flag as well with a potential break out happening now. There is still a big chance we face rejection off the top of the channel and flag and head back down but for now.. things look good. If a break out does happen, take it fib level by fib level but my long target is there.. I wont feel safe until a 4 hour close above 51500.