ACK! Switched to a 100-day chart and added my equivalent trend lines ...
And after double-checking, discovered I misplaced one of the touch points.
We have not yet closed above that descending resistance. We're approaching it as we have so many times before.
Prognostications put back in the hamper for now.
The oscillator behaviors noted still hold though. The shallow cup and handle possibility still looks the same. The volume profile "cupping" is the same, but the interpretation of it being bullish is softened because the last day's volume improvement (almost double the prior day's) as we again approached and fell back from the descending resistance could be the signal that the brief shallow rise is ending.
If so, the short-term rising support, around $0.615 might be re-visited as we do another leg down within an increasingly tighter wedge.
We're far enough along in it where a break ought to happen soon.
MHO,
Bill
