It has been looking like a begiining range trading with a possibly following breakdown. But now we just saw a significant breakup. This may be followed by more now.
All positions closed now and the bad loss taken. This has been one of the rare exemples when such breakout stands alone. Usually we can expect a correction but this will be followed ba a retest of the high at least, even more often by a continuation of the upmove. This time we fell back to the level obefore the outbreak without any attempt to recreate.