Wait for break as confirmation

Dec 25, 2017

If green was true bottom, then we should be waiting for a break of downtrend resistance line as confirmation.

If not then expect to continue downward movement until intersection point that will decide the trend.

If downward break, then purple as next support.

Dec 26, 2017

Note

Awesome, a clear break, making it less likely of going sub 12 in the near future and more likely that green was the true bottom.

Be warned not much volume behind break but hopefully, we see volume increase slowly as confidence increases again.

Now just have to overcome resistance areas formed on the way down