This candle looks magnificent after that 0.5% comeback and The support line has hit this spot 3 times in maybe 2 weeks of the session, so in December, that could change as we enter the newly formed cross as it strikes through the heart of that cross, making it a likely candidate for a reversal. As we move along, there are a few things to mention, like the flag pattern that acted as a bear until the last session proved otherwise. FYI, on 12/27, with stochastic, RSI ready to rest, the MACD curving towards a crossover, it almost touched 165 where another set of support sits, a little more minor, so a reversal looks likely. However, I would proceed with caution as there are indicators that have yet to be confirmed, as is the case on the daily, weekly (bullish flag), or even monthly chart (same retracement move before continuation lives at 156), so maybe in between those three there is a likely bottom the retrace of uptrend indication from the Fibonacci retrace from .38, .50, and .61. Retracement-continuation looking very much alive. Finally, in conclusion, the short-term EMA and more of a daily candle usage timeframe after the death cross has started to curve back up towards a crossover but hasn't quite got there yet; as I said, a few indicators are missing, giving us the green light, but that may not matter much. Volatility could also work as a dream, but it could also be a weekly play on options for maybe a month. A fascinating, in-depth look at how deep we can go and how much deeper we can continue by doing so.
