Pink line in connection with an uptrend. White trend line is a Kendall calculation, I’ve confirmed it with data. It’s playing along. Kendall pattern is a give or take in what’s most likely to happen although data is much different than the Kendall. Usually half of the whole Kendall trend gets accomplished.
Kendall pivot explanation:
Pivot points are a fundamental tool in technical analysis, widely used by traders and investors to determine potential price levels in financial markets. They serve as critical reference points for making trading decisions, providing insights into potential support and resistance levels.