“Before entering to the long trade with the both feet, remember that we are still under the long-term down trendline (pink). Only the breakout of that resistance should trigger us a legitimate, sustainable buy signal”
The down trendline was not broken, so there was no buy signal, simple is that. The price continued to go down and today, broke the long-term up trendline. Actually, that line and this one mentioned in the previous analysis are both the resistances and supports of the big symmetric triangle pattern.