The monthly candle is still pointing down and just pulling through the channel center line. You can also see the previous accumulation area... from the year 2000! This is a monthly chart so the volume here is not reliable. But it's always a good discipline to zoom out to the higher time frame to stay oriented to where critical structures are.
This is just a general overview but you can see the general trajectory in the big picture, which is down. If intraday trading our main time frames are the 1 hour, 15 min and 5 min. So we will take a closer look now that we have a general orientation.