Technically all price did was run up to price resistance of 3.34 which is the breakdown point. That is also its falling 20ema that it ran up to three times in Dec and typically failed each time. Seasonal trends in all time frames show a bearish trend right into mid March with just a sharp rally the last week of January. Bottom line: Price would need to clear 3.34 AND stay there to expect a change in trend back to up Meanwhile...........WOOF,WOOF.
