white circle; the bulls failed, we're not going to break the OUTER long term trend line, they might make 1 last attempt, but it's just not going to happen, so no, the next peak is NOT going to be this year or next year for that matter, of course not.
blue circle; it might bounce off this level, you never know, but it's the UPPER long term trend line, so it just seems very unlikely.
purple circle; well, it's the MAIN long term trend line, so yes, very possible this might be the next bottom, so I'll be buying a bit, but not too much.
green circle; it's the BOTTOM long term trend line; of course there's a very high probability that we will at least get in the neighborhood, wait and see if we also break it, but as soon as it gets near that circle, I'll start buying and the lower it goes in that area, the more I'll be buying.
but either way; I'm not going into this bull market with an average above 5k, that's for sure