After breaking a long term key level, price is about to pullback for a correction. A divergence with MACD
shows that this move to the down is losing steam. Breaking the trendline
we should look for a smaller correction and then go long. Price will probably reach the long term level and test it before go south once again. Although this is a counter trend setup it's still a very good one as a correction after the breakout is expected.
Long term key level breakout: