We have shortening of thrust on way down. The last swing before trading range has very high cumulative volume. It indicates possible hidden buying. The current range could be accumulation schematic. 2 possible bullish scenarios: 1. Price false break of trading range (spring) and goes up. While breaking the creek, there is possible backup to the creek. A spring and backup action are good place to initiate a long trade. 2. Price goes up straight and jump across the creek. Backup to the creek is best place to initiate a long trade.
The scenario will not play if price breaks 0.744 and continue move down.