Broke the descending trend line couple of days back. Hit the top of bollinger bands and horizontal resistance and reversed. Above 54.50 definite breakout out of all the channels, best would be to consolidate between today's low and 54.30 for a few sessions and the break the resistance of 54.50 with some volume. Surely on the watchlist , can go long with today's low or 52 as a stop with a very good R/R.