Hmmm, thanks @mirren......I didn't know any of that.....I don't even know what they do (or what they propose to do at some time in the future if it all works out......or anything)
Anyway, if that is the case, then some further shakeouts or false starts maybe in order for a while yet, in an effort to remove as many potential sellers as possible, before any serious markup begins (especially if there is a reasonable time before any decent income is expected).
In the meantime one of the worthwhile telltale's for confirmation of an accumulation or re-accumulation to watch for, is a lack of follow through to the downside when price appears poised to break down further. Instead price will appear to 'miraculously' reverse upwards when all may appear lost, before threatening to move lower again, and recovering again....... (and when you look back in hindsight, price will have mostly only moved sideways, even though at the time the price action will have generated much angst amongst holders and traders, leaving a bad 'gut feel' around the price action for most of the period) .
Whatever happens though, there appears little doubt that 6.5/6.6 zone overhead will be an important line in the sand to watch for in the future.
