Good news: we bounced at 6K level. If we would go north, this would be like triple bottom. We didn't break down 6K level for four months already.
Good news 2. We bounced upward at major downtrend started in december.
Bad news: We broke longterm support line that stayed intact from October 2017. And we are still way under 200SMA etc.
I think it's more likely...
As far as we did not cross daily SMA 200 I don't believe we have a strong uptrend here. We may continue to go down, but slower than it was in the beginning of the year.
1. We didn't had a breakout of current downtrend on logscale yet. If we get to 8800-ish next few days, it would be clear, will we break this downtrend up, or go down again. If we break it, we could have a nice bullrun then.
2. Which way the current situation resembles more? The downtrend of 2013, when we continued to go up soon after breakout, or downtrend of...
