Alternative bearish idea is linked below in related ideas: Update: Bearish then Bullish Repeating Pattern Idea (honestly, both of these things could happen before revisiting old highs, as the bearish idea is a monthly chart vs. this being a more near term consideration).
We show a medium bullish divergence with RSI and MACD trending up and price going sideways. The same thing happened the previous two times it did this, the first time could've also been considered a strong bullish divergence however.