The red line demonstrates the strong downtrend line that was dominant for some time
The green vertical line displays the point at which this trend reversed
Right now a flag / falling wedge pattern is forming high above, this may breakout further as these bullish patterns do, or collapse to reestablish support for the bulls
The green vertical line displays the point at which this trend reversed
Right now a flag / falling wedge pattern is forming high above, this may breakout further as these bullish patterns do, or collapse to reestablish support for the bulls