I think the worst of the correction is over. Potentially looking for a fairly sharp run up to the yellow box highlighted in the graph that will test resistance before another drop to support to which a period of accumulation will take place. I personally will be looking to trade the move to $1200.
Komen
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To clarify, I mean trade the channels between $1000 and $1200.
I see similar. Pennant formed out of the strong upswing and will peak at around 1018. We are near the end of that and it has maintained the support level with higher highs pretty nicely. Then I think upward from there to your target.