We had a monthly which has broken to the upside, we also had a pull-back and a correction in the daily time frame. At the same time we have a in formation in the daily frame. Upside is preferred if we break the yellow after another small pull back.
However if we go below the blue line, this would be considered as a fake break out and we going back to the once again, which then we will probably test the bottom again.
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broke out, upside prevails !