$BOB clearly we will not hold what we could hope to become a short-term support, as it too is based on short-term data.
We are clearly headed for a deeper correction.
In blue dashed lines, we have what could represent a support: fragile, but existing. The short-term signals do not seem particularly strong for it to hold.
Now, we have 2 major support zones left: these are the lowest blue/purple areas. If the first should show a stronger support, the one that is the lowest will be really very solid!
While in the short term this may seem like a significant drop, it remains areas where consolidations can take place with volume and the rebounds can be explosive.
The market as a whole seems to show a certain cooling for the moment, do not forget that going down is not a defeat; it is part of the process, the longer the growth takes, the more solid the foundations are.
And if you take a step back from the chart, you will see that these resistance levels all remain bullish compared to the 2 previous dumps that followed the big peaks: yes, long-term growth is indeed present!
The dashed diagonal lines going from yellow to red represent bullish trend lines, the lowest one in yellow, is the one that originates from the longest term; as long as we stay above, BOB remains in a very impressive bullish channel from a long-term perspective.
Stay strong, do not fear the noise, we are not taking off as strong and fast as some would have liked but we are building something more solid and stable for the long term đȘWe are still early, and I remain optimistic... for the long term of course!