ESTC | The Trendline Finally BreaksElastic NVBATS:ESTCibraheeemz📉 Years of rejection This descending trendline has capped every major recovery attempt since 2021 — including a previous fakeout. 🟢 Double Bottom at long-term support Price returned to the major $40–45 support zone, formed a double bottom, and buyers stepped back in. 🚀 Breakout + BOS This time, price has broken both the long-standing trendline and the recent market structure — a much stronger signal than the previous fakeout. 🎯 The path ahead $94–95 → first major resistance / breakout zone $118–135→ next structural resistance $189 → previous ATH / ultimate target 🐂 Bias: Bullish If ESTC holds the breakout and successfully converts the former trendline resistance into support, this could evolve from a bottoming structure into a much larger trend reversal. The real question now isn't “will it break the trendline?” — it already has. Now we watch whether the breakout holds and whether the stock can begin the long journey back toward its ATH. 🚀