OT: I just meant I understood what you are talking about now.
The Weekly charts can be good for long term support/resistance levels IMO which is how you appear to be using it here.
I typically do not use the weekly charts (not because I think they are not accurate), so I do not have to much knowledge on their consistency.
I would suggest that once it reaches this level of support that you mentioned, that you watch the trend indicators carefully for a reversal of trend and a possible entry, you just might hit the bottom nicely.
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