Looks like a short term sell setup however it seems that it will be a bigger correction to the downside before finally going up. If the current channel is broker to the upside then wait to see for further indications for a move up as a move down then would be highly unlikely.

Use your own strategy.
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Broke to the upside use the current flag breakout to take the trade to the upside this could be a long move up to the trendline.

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