This pattern, the old classic descending triangle, is quite bearish, considering the last leg up did not touch the upper resistance. If you short, you can open a short position at 19-19.1. You can set TP at 17.15 -> 16.21 if you short.
This is just a (really) quick price action analysis, but since FIL has been in a downtrend even after decreasing to 21, there is virtually no chance for this descending triangle to be bullish.
This is just a (really) quick price action analysis, but since FIL has been in a downtrend even after decreasing to 21, there is virtually no chance for this descending triangle to be bullish.