Using the Wyckoff Point and Figure methodology to predict potential targets of our previous analysis (see link below) there seems to be large upside potential. Using a 200 box size and 3 box reversal which is equivalent to a weekly chart we have a count of 38 bars. Therefore the potential is for a 38 x 200 x 3 = 22800 point rise. Taking it from the low 15721 we get a target of 38521. Using the countline 18893 we get a target of 41693. This leaves us with significant upside potential. After a retest of the breakout level, we could establish a good longterm campaign.
