For what it's worth, here's my take on the situation.
Weekly chart with H-A to filter out some of the noise. We've got three support lines in the 13-14c area at the moment: 61Fib, 50EMA and the uptrend support line starting Oct-20.
To me that looks like strong support and therefore I don't believe in the 10c scenario at the moment.
The channel is still quite wide and SP has dropped to the lower half.
MACD and Slow Stoch shows (early) signs of the downtrend coming to an end but nothing jumps out as being bullish just yet.
So my noob conclusion to this is that it is likely we'll bump along the support line(s) for a while.
Comments welcome.
