Heres the bottom trendline on Acc/Dis if your wondering where that trenline came from:
The fact that Acc/Dis hasnt broken down yet with price is very bullish. But I always take price first before indicators unless im pre-empting a breakout of a tight pattern in which it can be helpfull.
This to me hints that this is in fact an ABC correction as we had before. But until that large downtrend line is broken, I would not want to assume. Its just somthing to note in the overall picture.
RSI is also sitting on the same support as the last deep correction. Why is it different this time? Because the main ascending channel on the chart has clearly broken which means the trend has changed until further notice.
