Potential Symmetrical triangle?

I find the chart on HSBC interesting. Last year, we witnessed the market break a significant downtrend that had been in place since 2007. Currently, it appears we are on the verge of completing a symmetrical triangle pattern. Considering the market's support from its 200-week moving average and the weekly cloud, and taking into account the previously broken downtrend, I am inclined to believe that the price will break upwards. The top of the triangle is around 40.95 and the July 2023 high is 42.47 and those of the two nearby resistance points to watch. A close above the first should be enough to complete the triangle and a close above the second will confirm the break higher.

And a couple more things, with breaks out of symmetrical triangles – I tend to like them to be dramatic, and we frequently get a return to point of break out with these patterns.

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