Even if this small pennant failed, the direction is still not decided. A bull flag should have been formed, yet a small H&S is forming on the 15min chart. We are going sideways on a line that acted as support and also as resistance, related to the 50% Fibonacci level. This small correction wave might stop as this point and send us down again. I would not trade until we have a confirmation; also I doubt that if the uptrend continues we would go above $7000 before retracing down.