As you can see both these moves are almost identical. If $39k can hold this could be used as a platform to move upwards (essentially $52k down to $39k would have been the correction leg). However if we lose $39k then we should see $29k. If so take a look at the chart 'Year to date' (YTD). You'll notice it would have cleared formed a lower high (assuming we lose $39k). My assumption is we will then start to form a descending triangle (YTD). Before breaking down to $20k. If you follow me on CT I'll share an image in the comments of how I believe it will play out.