even though 8220 isnt the actual main long term trend line..i believe once price hits the main trendline,traders will finish off the depression with a retest of the all time low,at that point strong recovery till the end of time...plus that will turn the longer term pattern into a double bottom..so you can see this is going to be a long depression or that number can be hit over night.. regardless how long it takes it will retest the low.....no amount of intervention can stop that fact i believe, before long and strong recovery will happen.
Your ascending trendline only has two touches.. It is no stronger (In my opinion) than the current descending one that started at the high at around 1.6. The way I see it, we are on our way back to the descending trendline at or around the 1.38ish area. This should take a year or so to do.
I could be completely wrong and the bottom is rickety and failing but.. I don't think so... Just a gut thing.
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