From your chart, it is already triple bottom and you are either going to belief TB are stronger than DB. I have no view on this but I will watch with interest at the levels are tested. In the interest of some reality check, I prefer to start from a daily TF because it 'wipes' out a lot of noises.
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Green arrow pairing denotes the concept of resistance once broken becomes new support. This concept has been around for a long time and you can research the logic if you are curious but there is a logical and credible explanation. Logical not = truth. You chart level is the thicker zone I have marked. Basically this is very close to the edges of the flip level and long term bulls like who I suspect to be Soros/Druckmiller who bought in December would be contemplating perhaps protecting their recent run on the capital gains with sell stops t these key swing levels. Every body wants to get paid along the way and I don't see Billionaires acting any differently or else Carl Icahn would not be selling AAPL and Buffet would not try to benefit!
Yellow zone is my main worry because price if it stalls at these key levels will have to fight all that bear control denoted by the one sided bear bars. Now go back in time to the Oct/Nov sell off where it was totally bears in control. We are very close to inflection point and just like the Dec rally, price did not magically do a V shape runner and had to fight for control. I don't see any different this time. I suspect price will hang around these lows and the control will trigger a winner based on fundamental reasons. I have no idea what that is.
We may from my suspicious mind know that Banks can see a very strong flip level triple bottom or whatever and they 'know' there will be many no willing to keep betting without protecting some profits and raise their protective sell stops to just under these key levels. We might even get to see price fall through these levels deep before doing a reversal. It could take days or the quick jab.
From a logical point the trend is up so as long as price DO NOT close decisively through the support strongly, I am still bullish. You can refer to March 2013 key Friday slam dunk for what I can see as potential chart reversal bias flip from up to downside. No point frighten oneself right now and this is all about looking for the evidence and hold one's nerve or if you are shaken then get out and wait on the sidelines. There is no shame not knowing about the future.
Let the Gurus out there with their truth on their prediction to influence retail mugs looking for mates with influence to confirm their long held bias. This exercise is not about right or wrong but profit or loss.
If you don't agree then simply toss out this post. I suspect a lot will not understand what I am referring. That is ok, I don't have a book to sell.
Gotta rush, as usual no proof reading on anything especially spelling mistakes.
