Can it break? or we'll get the confirmation for the False Break?

After the breakdown of the uptrend line, can the $IWM finally complete the reversal?
For now, with the help of the Fed, there are breakout signs that suggest that the $IWM can continue higher, but is it a real break? or a Christmas False Break?
Two lines to monitor over the next 2 weeks.
120$ is definitely and interesting zone in $IWM