Descending scallop is a pattern that can be traded long or short.
The price comes down forming a elongated rounded bottom then has a throwback. The high before the throwback (small dump) is the breakout level upwards.
The lowest point of the rounded bottom is the breakout level downwards.
So first we need to wait and see if there is a throwback - unless we...
Price is approaching to August 2018 High - that is power level. The huge chance that price will bounce from it.
I wait on fake broke of 6381
Potential profit could be in 5 - 10 times bigger that a risk