Repeating opposite pattern from downtrend - bullish if low holds

14 нояб. 2019 г.

I was looking at some charts this morning and this possibility just jumped out at me. The idea of mimicking the downtrend but on the way up. We've seen resistance at previous peaks as I marked with the corresponding arrows. If something like this plays out we'll see an ascending triangle with a target at our all time high.

Not enough evidence to say this will happen, but if this low holds, I would say this has a higher chance of playing out.