It broke down from main trendline (1) to lower channel trendline (2). It's trending at the trendline (2). Forming a bullflag, however, close to the lower boundary of the trendline (2). It's indecisive at this moment.
It could remain within the trendline 2 channel; -> remain cautiously bullish It could breakdown; -> switch to bearish Or, it could move back to trendline 1 (after retest); -> full bullmode on;