Looking closely for a confirmation (a break to the up side)
Or if weakness in the market will take over and make it respect the downtrending trend line.
Or if weakness in the market will take over and make it respect the downtrending trend line.
Note
It broke to the upside violently, didn't have a chance to enter the trade... this confirms the pattern formation and how powerful it can be! 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.