Fact:
1. Uptrend line from 2011 low broken (no re-test)
2. Uptrend line from 2009 low broken with a GAP down
3. Major support around 1900-1910 broken convincingly
4. RSI dipped below 30 (this is not supposed to happen in STRONG uptrend
5. Dated from 2009, lowest RSI value is 16.28 back in July 2011
Another requirement to complete a downtrend.
1. Lower high (you may call it swing high)
1. Uptrend line from 2011 low broken (no re-test)
2. Uptrend line from 2009 low broken with a GAP down
3. Major support around 1900-1910 broken convincingly
4. RSI dipped below 30 (this is not supposed to happen in STRONG uptrend
5. Dated from 2009, lowest RSI value is 16.28 back in July 2011
Another requirement to complete a downtrend.
1. Lower high (you may call it swing high)