We are still moving through the smaller inner channel on a downward trajectory. My current target is just below 3k and could take till the end of May to fully bottom.
Edit to add: $6860 has become solid resistance, We have a established a daily close below our last low/close. We have not hit the interday low, but I would argue that this stair-stepping process of going lower will ensure we go much lower, not just tap it with a wick.