If a bullish breakout occurs the 50% retracement price zone around 1,483.74 looks to have a good chance of eventually being reached especially since the 38.2% target was almost an exact match with the most recent peak, even though it’s derived from a multi-year time frame.The potential significance of the 50% target area is enhanced by the fact that the more recent ABCD pattern completion or measured move is close by at 1,478, as can be seen in the chart above.