thanks for putting up the chart, it's always easier to...

thanks for putting up the chart, it's always easier to understand with an actual example. from a TA I can see the price retraced to fill the gap left around the 28 of sept, then bounced down from the previous support at 4 and off the 50ema, then back to test support at 3.5, then another shot at resistance at 4 and back down, on the volume side it looks like there's been more buying than selling in this new channel, so the question would be is this the end of the downtrend and a new base forming or a bit more distribution before continuing down? I'll put it on my watch list to see the see which way it goes.
*numbers are aprox as I'm on my phone