Bulls maintain control for now by closing above green trendline

Fortunately the previous four hour candle did not make good on its threats to close as a bearish engulfing candle and instead closed just above and almost on the green trendline...The current candle has maintained a bullish momentum but is clearly using the green trendline as support and the 50 MA as resistance. I still think the wedge breakout is destined to get very close to its projected target of $10335 so I assume that this consolidation period is forming a bull flag. Because of the length of the red candle however it could also try to form a bear flag so its best to be prepared for either. Probability is leaning more towards bull flag just barely for now and so am I. I try to side with probability more often than not. One interesting thing to note is the support and resistance lines are precarious because the 50 MA just rose slightly in price from where it was the last 4 hour candle...and the descending trend green trendline support has fallen a little in price from the last candle. If these continue to play support and resistance roles during the consolidation I predict that the 50MA will continue to push upward and obviously with each candle the green descending trendline will drop a little lower....just beneath the descending green trendline we have the T line which has jumped a good deal upward from the last 4 hour candle and seems to have a good bullish momentum behind its slope so we may see continued consolidation between the green trendline and the 50 MA until the momentum of the Tline comes up to double reinforce the green trendline and give it enough of a boost to jump back above the 50MA which has just now started to turn its slope towards the upside as well. I predict a small bull flag and then a bullish breakout from that continuing on its way to 10335...it has the highest probability so I side with it but at the same time I am fully prepared for the chance of a bear flag causing a little temporary detour before we continue upward. Being as this is not financial advice you'll have to make that determination for yourself. Cheers.