As we can see, there are two trend lines that we could fall to - most likely, the higher trend will break and we will find ourselves at ~$300, which coincidently lines up nicely with the end of a pennant.
Lets watch and see how this plays out.
NB: Please trade at your own risk, this is for your education only and you should always do your own research/analysis before making a decision.
If we can hold this support from 12 months back around 440 then we may start to build a base here. If we cant hold here however then it will get messy...