Drawing trendline is an art and not an exact science. There are multiple ways of looking at the chart.
a little larger way is after an uptrend it fell with the big red candle and since then the price has been within the range of that red candle. Now if we look at the mini trend then the price was not able to to make a lower pivot low. The last lower pivot high has been taken out hence the trend has changed. Now the target could be the upper end of the big candle. Now it is time to draw an uptrend line. Just my 2 paise
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