There are many other signs that show that the correction is almost over. There is on both the and and a pattern forming. These three signs indicate that even though the price is going down, the sellers are actually losing momentum. Every downtrend is getting smaller and smaller, meaning that there are less and less sellers. Soon the sellers will run of ammunition, and the buyers will take over.
Short Trade (2-3 days)
Long Trade (1-2 months)
Conservative Target: 13000
Aggressive Target: 16550
I could be wrong, but I think we're on the last wave.