Yeah definitely many different ways to read a chart.
I think reading a chart properly is one of the most fundamental aspects to trading but it is not always straightforward or so easy.
I see it as it is ranging between the two yellow trend lines since around 2015. But does it break the trend and continue to #1 or make a correction and head to #2?
You make the wrong call here and you will be in the red for a long time trying to ride this back out.
Related question for @The_Baller, how do you determine when the chart is ready to make a change in direction? The monthly yellow S/R trend lines below?