Oh boy, how wrong was I with my last bottom forecast? It went down another 7k roughly. I should have known it considering that I have seen that before, especially at the March correction. (yellow ellipsis).
Anyway, we have now a new support line and the old support could be new resistance (dashed line). In this case, we will bounce off around 62k. If it breaks we...
Yesterday we reached the bottom of the 2nd leg of the Elliott wave. We broke through the old support (grey dotted line) 2 days ago. We now have a new support and we are on the way to reach the top of the 3rd leg which might be around 66 - 67k or even higher.
