Lovely bounce off of the weekly cloud. I've looked back and haven't found another example of this bounce on the weekly TF. Hopefully, this will mark the bottom.
If we hold the trendline set from august 2015 we might see the big rally before march 2019.
Reasoning:
- Trendline touched multiple times
- Always by a hard fall
- 2 - 12 weeks sideways/slight gain
- Liftoff to ATH
Confirmed failed:
(realist): weekly close under trendline
(permabull): full weekly candle under trendline
