Long because:
- Downtrend broken and trendline is retested;
- Price is showing wicks at the bottom at multi-year pivot point;
- Weekly/Daily shows a nice double bottom at this pivot point;
- The direction of the downtrend since 1989 has changed since 2008/2009, I expect a rally in this year. At least a double top of 2015's high is to be seen.
Comment:
