1- markets are dynamic 2- when a trend got broken, new one starts not necessarily a reversed of last trend. 3- for now, we can say that, the stage 4 (bearish/ decline faze) has ended. 4- we are now in the end of a stage 1 situation
but, it can go to a stage 2 or new stage 4 . I mean in this situation we cant be sure about the next main trend. so, being cash or trading with minimum position size and maximum risk management is highly recommended for now.
be aware of volume spike and to see more details go to the daily time-farm. which daily candles accompanied with a bigger volumes?