This demonstrates the start of a new up trend after several severe breakdowns of price, nice 6+% up move after this (picture below).

1, 2) The price breaks down quickly, a 10% move down in a short time.

2, 3) Price quickly recovers, almost recovering the lost 10%.

3, 4) The quick recovery was too much too soon, another quick 10% loss.

5) Price is now recovering more slowly. Notice the formation of an up trend channel, with price coming up from the bottom of the channel.  Fast stochastics crossing over slow stochastics, MA are squeezed  (see brown Squeezed MA indicator line), MACD is bottoming out on the zero line.  The -DI and +DI are close together, notice how they were far apart during the 4  bottom (-DI above +DI and far apart from each other spells down trend).  All this is signaling a good probability of a jump in price.