Meaning? Expect a short term rally to the upside (For 4 Hour time frame at least) as market biases on higher time frame is still to the downside.
This setup specifically leverage on the broken resistance as support. Also, there is confluence on the indicating oversold signal along with signs of pattern starting to resume its breakout.
Entry, stops & 1st take profit as shown above. 2nd TP to be decided upon price action but high likely to be 1.27 fib extension of the impulse move or at the very least the prior high before pullback.