"which is the long term uptrend established between March and July of 2020"
I won't claim to be a better chartist but my view is that the uptrend from 2020 ended a long time ago, it's now just in a major stage 4 downtrend. Horizontal lines of support may be respected as short term support levels and downtrend channel lines also, any lines drawn from old lows as uptrends are irrelevant as I see it
NMT Chart, page-460
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