A rectangle would be a good inversion figure, it would suffice.
Considering that the downtrend started on November 8th and ended on December 4th (probably), it is 4 weeks.
If this were the case, the rectangle would have a duration of at least the cycle of the previous trend (from 7 December to 3-4 January), therefore sufficient for a reversal.
The next few days could be a good time to buy if there is a good reversal pattern that closes above 46K.
I would wait for a compound pattern, at least 2-3 candles, being close to the end of the year there could be false breaks.
Considering that the downtrend started on November 8th and ended on December 4th (probably), it is 4 weeks.
If this were the case, the rectangle would have a duration of at least the cycle of the previous trend (from 7 December to 3-4 January), therefore sufficient for a reversal.
The next few days could be a good time to buy if there is a good reversal pattern that closes above 46K.
I would wait for a compound pattern, at least 2-3 candles, being close to the end of the year there could be false breaks.
