Very Close to make or break.
A very strong downtrend line just above, i think it will break for it and get rejected and back down to 19000 to hit support from the far left which is what it bounced off recently.
Two trend lines coming back into play and just happen to intersect at the next support level. Could be a fake double bottom just to mess your head up and drop to the next level.
As always - dont Diddle in the middle :)
It all points to being bottomed out - Just wait for it to cross the 50 MA and retest for confirmation. Rsi should give the game away with a drop into the Oversold before shooting up thru that 50. perhaps :)
Three trend lines pointing to the same place and the 200ma (white) just happens to intersect as well - thanks 'Harly Trades' for reminding me to check it..
P-plater observation - not financial advice :)
My first chart based off what I see, not fancy or tech but it plays out and easier to isolate in shorter time frames..
Interesting that if you didnt follow any market or political news - it still plays out.
On the other hand, I hope im wrong so I can learn something new.
Fail = 'first attempt in learning' :)