In the first one the megaphone is measured from where the price touches the upper end of the megaphone for the last time, by drawing a line straight down to the bottom of the megaphone.
The the second one the megaphone is measured from where the price touches the lower end of the megaphone for the last time, by drawing a line straight up to the top of the megaphone.
So the question is... which one is right?
