Amazon - Breakout or Reversal?

The weekly timeframe confirms the uptrend and the falling from the highs it is just a correction movement. If we look at the daily timeframe, we can see this correction. Now the price is at the local downtrend line where the price action will show further market movements. Here we have 2 possible variants which are important for us.

A breakout - if the price can break the donwtrend line, it will be a signal confirming the trend reversal based on the daily timeframe, and the trend continuation for the weekly timeframe.
The breakout can be used for buying with stops below the nearest support level and profit targets at the resistance levels.

A reversal - if the price reverses from the downtrend line which acts acts as the resistance too, we will get selling opportunity with stops above the local swing high and the downtrend line and profit targets at the support levels. The reversal from this zone with further downtrend movements can become the beginning of a trend reversal strucuture from the weekly timeframe.

The indicators give us the following signals:
- RSI does not reach the overbought zone. The market can move higher
- MACD supports the upward movement
- DMI is bullish and ADX line moves upward. It tells us that the bulls become stronger.

Based on the signals from the indicators we should expect that the market is going to break the resistance zone and confirm the continuation of the main uptrend from the weekly timeframe.