Bullish argument for LU: 1. higher lows (over the past 3 mths) with every dip leading to the formation of an Ascending Triangle. 2. now above 200 days moving average
Waiting to see if a close above 6.43 neckline would materialise in the coming weeks, preferably on good volume.
p/s the odds of breaking towards the horizontal side is higher for right angle triangles. ie upside for an ascending triangle and to the downside for a descending triangle.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!