After a straight descent from a plateau that can hardly be read as "organic", and breaking through every conceivable historical support, it appears that we are seeing a strong shift in the price action, starting a new movement to break out of this 16-day channel. EMA's that haven't crossed up since the top of the channel are finally crossing. But most notably, the slopes and formations have inverted solidly.
This does not mean a similar straight rise ahead -- more likely lots of volatility, but we've seen the bottom of this november bubble correction, and it's time for a new trend.
This does not mean a similar straight rise ahead -- more likely lots of volatility, but we've seen the bottom of this november bubble correction, and it's time for a new trend.