Paypal - Heading for a new bull phase?

Paypal's stock price seems to be forming a nice bullish chartist pattern, a falling wedge, which has been going on since the beginning of the year. If resistance is broken, PYPL could return to a nice uptrend, after numerous DCA buy points have been given by our "Magic Bands (PMB)" indicator.

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PayPal had finally broken down its chartist pattern. Today, the price is back touching the old support. Will this level provide resistance, or is it just a fake out and the pattern will be reintegrated?