QRLUSD is on the downtrend. The , as seen on the chart, gives us a signal, suggesting that the price will trend downward upon completion of the pattern. The is constructed with a flat support line @ $1.07 and a downward-sloping resistance line (See the descending red line).
One should note that in certain cases, the opposite situation could happen where a upward precedes the .
I meant QRLUSD: Downward, not "QRLUSD: Upward"