Definitely it is time to look for upside. There is very nice setup on 1/4h but also as always there is some possibility for one more down to form a double bottom . On the other hand it looks like the move to the upside has already started and it could be huge. Therefore I define a position size which I will still feel comfortable to trade without stop loss and I open a position with that size every time I see confirmation of strength. The last position I keep without stop loss. Doing so I can open bigger position than I normally would and I risk less.