. the light blue arrow 30k is where i believe we will bottom out later in the year. you will notice the 50 ema(orange) and also the middle channel line and the grey fibonacci retrace of .236 level all meet there. that is called confluence. it is on the monthly time frame. if you wanna call bottom you better be looking at the higher time frames. algos weren’t programmed with the balls to break that level 🤣. 