As you can see in the chart, the price is squeezing between the 2 descending trendlines and the floor support.
If these two triangles are broken upwards, we can predict the possibility of creating a cup and handle pattern.
If these two triangles are broken upwards, we can predict the possibility of creating a cup and handle pattern.
As you can see, the first downward trend was broken.
The price went up exactly to the second trend and touched it