Beware of bears, most people think...
While I am thinking - beware of falling wedges !
the formation you're seeing is an ending diagonal (falling wedge) in a bear market .
More info on:
The chart analysis has two parts - a fractal and Eliot wave pasterns .
1. The Eliot wave formation is called a "Complex Correction With A Small X-Wave".
2. We have a clear fractal pattern, each smaller than the previous one. after completion of the 3rd one, i expect the price to take north.