Am New to charting, and with the very Little I know, I :
a) Connected The Bear Market lines,
b ) Drew the "Bull" market lines,
Assuming that since the market is now in the "healthy" range, it may resume the previous trend??
Apologies if this is wrong,
You could have drawn the upward trend as elliot waves though, which would mean that your downward red line is 4th leg, and upward red line is 5th leg. (Little bit long for elliot wave IMO)
Furthermore, have a look at my profile, there‘s an interesting possibility for a big inverse Head&Shoulders pattern.