Sorry for the delay I had to consult the "Bible" (Encyclopedia of Chart Patterns..by Thomas Bulkowski)
I couldn't find the guideline rules for a confirmed bottom pattern, but from memory I think the right side has to be a reverse to an uptrend (higher high higher low) if I'm correct then PEB has no confirmed bottom to date.
Hmmm...couldn't see a descending triangle forming Baller
I had to consult the "bible" about the purple triangle I drew in...It is a pennant (an symmetrical shape type) and they're either a bullish or bearish continuation events depending on which way they break out......However in PEB case the price got ejected at the Pennants apex so there was no answer to whether it was a bullish or bearish continuation.... a useless result, so had to wait and see...and today it went down to touch the lower BB line not a good sign..eh? ..a bearish continuation? (back to touching those lower BB lines again)
http://i458.photobucket.com/albums/q...B20052014a.png