next stop $3400 ?
I believe this is impossible. We have to pass 4100,4000,3900,3800,3700,3600,3500 for this to happen. It's not witch craft
I doubt that it is analytically helpful to look at every single $100 increment as if it were an area of support, because then we will become too overwhelmed with information.
So currently we are bouncing between about $4150 and $4300.. more or less, so it seems that our next area of support is at about the $4000 territory, and this one would not be too difficult to break below - because we are only recently out of that one.
However, the next area of support would be around $3,600, and that one should prove a bit more difficult to break through.
If we break below $3600, then we will be back to testing the earlier level of the dip, which is around $3k. Thereafter $2500-ish.. etc.. etc...
I personally think $3600 is reasonable, with maybe nearly a 40% chance.. and harder to predict beyond that.. and sure we gotta get down there first... and there is a decent chance that we could go up from here, anyhow, perhaps in the 50/50 territory.
