Ozexplorer, I'm expecting a move down to $1182 before we get a bounce to around $1280. However, we are still in a downtrend and I think our eventual target is closer to $1100.
Im looking for a trade off 1182 but won't reset properly on the long side till we get the final 5th wave washout probably around Xmas-Feb. Hope that helps.
(ps I use Elliott wave.)