Possible case for a long position here in the symmetric triangle formed after the breakout from the descending triangle.
The descending triangle is typically a formation we associate with an upcoming bear move. In this case the price moved over 2/3 the way down the triangle and too close to the apex of the triangle to continue calling it a bearish formation. Typically the bears are able to take down the price below support before passing 2/3 down the triangle. After this we lose confidence in the bears ability to beat the bulls.
The descending triangle is typically a formation we associate with an upcoming bear move. In this case the price moved over 2/3 the way down the triangle and too close to the apex of the triangle to continue calling it a bearish formation. Typically the bears are able to take down the price below support before passing 2/3 down the triangle. After this we lose confidence in the bears ability to beat the bulls.