Steady recovery as we make our way towards testing long-term trendline; current sideways action allows for less of a 'gap' within the highlighted area (buffer).
Note that this pattern forms off the prior downtrend average where the 'upper' average would actually be around 1950.
Rejection at long-term trendline could very likely send us down to 1600-1500 if neckline doesn't hold.
Note that this pattern forms off the prior downtrend average where the 'upper' average would actually be around 1950.
Rejection at long-term trendline could very likely send us down to 1600-1500 if neckline doesn't hold.
