This is a run chart.. see how far the adjustment goes for the reset. I think between 2 % to 4 % down (3.5% is my guess) .. Then steady up we go...8 % to 10 % ..
The Big Green Bar is gonna happen... it could happen as I type this...I'm thinking a drop before hand. If this goes down to the 6 % level as shown, then well, I would consider price to stay in the downtrend and looking for a further drop.. I'm bull currently with positions.