Reversal to longterm linear trend indicates 2950-3350 bounce

Major support line indicated in blue has been basis of many upturns. Recovery to this line indicates Mid Aug for bottom at around 3k. Turn up have been abrupt from this line. Indicating a good long term buy. Purple line indicates good sell point for the future after buy in at the 2950-3350 range. Shorter term fibonacci analysis could be useful in establishing sell targets after purchase