Right now channel down perform to target level at gartley at 41.70, this point also as doube bottom pattern and january to february 2014 support level.
Consider this scenario failed if 55.65 bullish key level success break up at 55.65 as stop level.
And if bullish key level break up, check bullish scenario at :
Rightnow bullish keylevel almost touch, If this level break up, Ideal target at 60.48 (resistance level at july 2013, sept 2013, oct 2013, june 2014 and july 2014) with maximum target at 68.70
If the Bullish key level cannot break up, then check this bearish scenario :
