So we had a triple bottom with very low volume. if it was the begining of a new uptrend or bullmarket , it would have had a much stronger bounce with more wicks and much more volume, if you look a th the chart the strongest volume points are in the upper bounds which is a bearish indicator. We have stronger volume where it is now which is at the top of a range, than it did where it bounced. But the fact that it was a triple bottom makes this a bit tricky, and makes me hesitant to call a short here. I would like to see some more upper wicks for it to be a safe short but I think it is going to form a new channel sideways then it will break it down, the volume reads bearish, there is no strong bullish volume yet.
Matteo Messina Denaro