We may well break that downtrend line, but the real challenge is breaking the upper line of the big wedge - and I suspect that will not happen before mid February, as insecurity is in the air and volume is lacking.
If you look at volume, it's lurking in the background to jump in and then flee again at the first hint of a downward trend...
People are nervous, that's what causes a bear market.
Trends aren't looking bad at all, but spirit is feeble, just look at the Moving Average... nobody wants to be first.