This is a bottom-bottom-top pattern. If this holds true expect a major top during beginning of Sept. 2022, SP500 should top at around 5600. I think we will have one more mini-crash in between now and then for one more dip to be bought. We will also be forming a rising wedge.
I believe a trend line must have at least two or more touches before it can be considered a valid trendline. I am not really sure I understand your lower trendline.
Sintar123
⋅
@darrenlall, the lower trendline is a projection, it hasn't formed yet. I'm expecting a pullback soon that will form the lower trendline.