Long, sideways ranges breakout into long, strong trends. Earlier the consolidation happened in a larger downtrend so it was likely to breakout lower, which it did. Now, we've got a long sideways consolidation that will breakout and its likely to breakout to the upside since its in a long-term uptrend. And notice that the massive wave of sellers have been washed out of the investment (red box). So its even easier for the buyers to retain control. https://s3-us-west-2.amazonaws.com/maven-user-photos/seanhyman/technical-analysis/IOSU6hIfr0e_ddd3b0bprg/iU5SHO3H6kOmqcDPQUAwSw
Each quarter, the "big boys" in the market have to report their positions because they're so large. Once those reports are made public, it shows what stocks they're adding to or reducing their exposure in and what stocks they've recently bought or completely sold out of.