Just looking at the chart starting from its invention, its a good sign that did not make a new low beginning of August. The recent move during the last view days can be counted as an impulsive, which has still not ended. It would signal a huge strenght if this impulse actually makes a new ATH, but even if it does not, the bullish scenarios stays active as long as the august low holds. A correction starting from the current level could very well correct most of the recent upmove and still be very bullish.