Hi @trader_10, appreciate your different input. I believe it's...

Hi @trader_10, appreciate your different input.
I believe it's just a matter of perspective here.

if you are looking at a much longer-term then yes it still fails to break the downtrend.
(See how it failed to break the ichimoku couple times?)
Hence, to break your long-term downtrend, SP still needs to shoot thru 2.9c mark.



Then, from my perspective (couple weeks)
This is an opportunity to take a position/averaging down
Why?
See the trading signals below? For the very first time in months, it finally turned bullish (Bull Tenkan Sen - although it's weak)
Hence, I see the VALUE here.
Anyway, if you take position atm, i sincerely think a 30-40% gain from current SP is achievable in the near future.




Again, all IMHO and do stick to your trading plan.