I'm still wrapping my head around all of this (so take it with a grain of salt until Luc jumps in here) but it seems to me that that isn't a base because there's no big bounce back. Just a lot of sideways trades that get smaller and smaller.
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yeah I suppose that makes sense. I guess the large base before it doesn't count because its not the most recent?
Thats a base also,it depends on the chart you are using. if you are using a 1hr chart or 15mins or 5 min chart. On a 15 and 5 min chart that will look like a deeper crack.