Backtest of the uptrend line. Very bearish monthly candles with long shadows resembling those of the last trend change (red ellipse). Truncated 5 as a likely wave count. Dire outlook for the near future while a new uptrend might unfold later as a wave 3 of one bigger degree. A possible 76% correction as a bigger wave 2 is indicated in blue. Buying oppertunities at around 3300 or slightly below - this will indicate the final capitulation.