Long term consolidation - rounded bottom. Some choppy price action to follow with an eventual upside.
I'm slightly long biased on this as world markets have been rallying and the yen strengthening has been a bit over done.
Flat type correction after big sell off, consolidation before the next move lower.
Long way down on the daily, in a steep descending channel.
Ascending channel, slight rounded bottom, higher highs, higher lows.
Risk aversion (Yen Strength) in the markets and QE (Euro), great fundamentals.
A, B, C corrective wave completed. Continuation of bear trend.