In the previous idea we anticipated price drop
to 5876 as the downtrend developed: Currently, there are a couple of technical factors that suggest the bottom has either already formed or is very close to it:
- There are complete 5--wave impulses of minute and minuette degrees on the chart;
- A nice long-legged Doji supported by a spike in volume ;
- Clear bullish divergence patterns.
Besides, people are quite pessimistic now, which is great for buying. All key levels are drawn on the chart.