Question is how far up it will go (Short term). More importantly how long the whole structure (Rising wedge = BEAR) will last.
Technically this could be defined as 'Symmetrical Triangle' and as such is hard to predict which way it will go.
Currently in a very short term perspective we just hit a stagnation period due to last probably a couple of days. All in all there are strong signs of a continuing uptrend that is nowhere near to ending. The current trend is strong and indicators point to continuing BULL run. www.bloomberg.com
Very early analysis of a suspected trend change. Coming month eventual upswing and potential opportunity to BUY. Indicators point to oversold. Current down trend coming to a halt.