Setup: Ascending Triangle. If breaks up, maybe we'll see a trend reversal? If it breaks down, new YL and continuation of trend.
Hoping for a break upwards... seems like there is more room to move, but this is a strong bear downtrend that will need to be reversed first.
Scenario: the very long downtrend/descending wedge finally broke upward with a spike in volume creating a Bullish pennant. Is this breaking the downtrend? Another smaller descending wedge (with breakout) now appears to be creating an inverse head and shoulders, which also indicates reversal.