The price will rise as it has broken the downtrend that began this Spring. If the price rises above 1214 it will probably continue higher, otherwise a double top might be formed at 1214, causing the price to go lower.
Note
Looks like the price wasn't able to sustain above the long term decade trend so it didn't make it to 1214. The price increased less than it did after the first pattern in my idea, so the price is probably going to continue lower unless upcoming US economy data is worse than expected
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.