So I'm not a TA guy as I've said before, mostly because I don't know the rules but also because I don't trust it. HOWEVER, I have seen the triangular pattern when the resistance and support narrow to a point, and, from what I understand as well as some experience, the price tends to break up or down at the point. So we may be nearing a critical point (no pun intended) where the bull market either 1) accelerates (steeper trend), 2) jumps up to a higher trend-line 3) drops to a lower trend-line or 4) ends.

If anyone with TA knowledge wants to supply some more informed input, please feel free.



Alternative proposed by LMGTFY (yellow line):



I actually think this is more likely given the market movements of the past week.