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Either we have reached the bottom here at 3400 or we are going down further to test support at ~2900 (which has not been tested before and is somewhat overdue anyways)
Expect it to go further down, Stoch RSI suggests at least one more push upwards, probably a short-lived one.
Could we see an H&S formation, with the latest dip ending up low it may be possible.
The Head & Shoulders pattern does fit here, but it is possible that we go back to the support line at ~ 800.000
If the next 2h candle is green and the volume goes up we are good to go. Then we won't touch support again.
Watch out for the bottom support line, we need volume now to break the resistance.
We are going place, you know where.
With the C&H formation we are heading one more time to the resistance area before the next major upward movement begins. Sell now to make some short term gains.
Good entry point.