There are two possible scenarios now:
Scenario 1: We may expect the price to bounce from the bottom for another push up towards the top of the flag.
Scenario 2: Alternatively we may expect a breakout at the bottom of the flag and the price to hold below it. Then we may expect continuation lower towards the big D1 channel.
Note: Confirmations for the buys would be found on the lower time frames. Once forms, wait for the price to break above the most recent down and continue higher.