If you follow my telegram channel you seen my call and the discovery of the june fractal playing out. + There is a big daily bullish divergence.
Here is the fractal comparison I made:
The fractal of june was part of a big inverse h&s formation. I'm considering that the fractal right now will also extend also in the same formation. If that is correct then the 5.5k target can be reached end of december.
I don't think this is the bottom. I think we will dump further from 5.5k towards 1.8-2.5k range to bottom out end of January or start of February.