Breakout of H4 or L4 can lead to higher or lower pricee like the H5/6 or L5/6. I consider anything between H3 and L3 ranging price action. It is showing a small show of strength in a somewhat oversold enviornment. It still needs to prove itself to either direction first.
analysis done with weekly camarilla pivot points, linear regression channels
analysis done with weekly camarilla pivot points, linear regression channels