Could be headed back to 1030 now or lower... there is a lower target of 900 visible.
Please click on the chart for the update
my point here was not to determine a bottom so much but to show that the period of consolidation can take some time and just to indicate the support areas. We have support at 1050 range and this should hold as it has been a solid bottom for sometime.
@ixflo12341, no sorry, my drawing was just to indicate support areas and to show the last bottom. No it will be much higher. We have 1050 now and next is 900 range. That is all we need to think about. It will never go to 400 again unless it has a catastrophic failure.