Hi Tim, I think we are forming a double bottom here. Good support at the bottom trendlines (see my post) with adequate volume. With the Nasdaq just closing up, I think the rsk to reward are in favor a long position.
It is a short - see the chart name has a SHORT indicator there. Study Tims charts on time at mode, it is not the easiest, but sure an interesting concept. I agree that it looks like a short according to his system.