New uptrend in the making!

On the brink of reversing the downtrend that started since mid 2019, and forming a base with a target as shown in ABCD chart pattern. With all major local automakers reporting highest sales in month of July in year 2020, this might just be the catalyst. Cheers.....

Disclaimer: Not a recommendation to buy or sell. Trade at own risk.
Chart Patterns

Penafian