Following the big explosion to the upside from money printing by the FED and other major central banks and inflation, this symbol has been correcting downwards in a wave-like fashion. The downward move seem to correspond to that which could be analysed by Elliot waves. If the wave hypothesis is correct, the third wave to the downside for the symbol began on August 16 2022. Price has currently completed the first minor wave (wave 1 of Wave 3) to the downside and currently undergoing a wave 2 correction of the first minor wave which would likely form an a-b-c correction and a likely double top at the resistance zone (4086 - 4115). This may or may not cause a fake out on the downward trendline, however I expect the resistance zone to hold with a high probability and wave 3 of Wave 3 to continue the downtrend to the 3230 - 3270 zone.