Arguments for short: - Last price jump moved over two resistence levels and stopped on Resistence2. So there is a space for correction to Resistence1=new support or up to the level denoted Support. - Engulfing kandle in the last triangle. - Last triangle is beeing tested from the bottom just now. - Previous two triangle breakouts did not lead to significant price increase.
Argument for long: - Price move up can continue just because there was a long bearish trend so some correction up might be possible.