1. A trend line "breakout" 2. A "test" and "failure" of the previous "low" after the trend line breakout. 3. It is testing previous swing high and maybe breaking out it soon.
Target: The target is placed at the "swing high" prior to the "new low" in 1-2-3 "bullish setup." Stop: below the "swing low' in a 1-2-3 "bullish setup" for long trades.