An upward pointed elephant trunk dispenses energy, luck, prosperity and kindness. It is a movement elephants use to greet friends and express sheer delight. To bring compassion and to shower good fortune, place the upward trunk elephant around you.
In general also, elephants are traditionally considered a symbol of good luck, wisdom, fertility, and protection. Wearing or placing the image of the elephant with its trunk raised in your home is thought to attract good fortune, as it showers its positive energy out of the trunk and into all surrounding beings and spaces.