Descending upswing patternWhile in the longer term HSN is trending downwards, this trend is happening within a range of roughly 50%. Swings within this range follow a pattern -
1. the price will shoot up to meet the upper trend line
2. falls downwards to meet the lower trend line
3. bounces back to the upper bounds of the light blue zone
4. retreats gradually into the yellow zone
Given the longer term downward trend, I predict this pattern will repeat once more, then the upper trend line will be in the light blue zone and the pattern will become -
1. price shoots up to meet upper trend line
2. trends downwards to meet lower trend line
3. bounce back to upper green zone
4. fall gradually into red zone
Let's see if I'm right...
