RXP finally followed through to the downside on double the usual...

RXP finally followed through to the downside on double the usual volume from the consecutive upthrusts.
However, it closed well off the lows gobbling up the stop losses with the majority of trade occurring above the closing price.
I'm seeing this bar as very bullish, and I'm thinking it's the shakeout before the breakout.
To confirm my thoughts I want to see a quick push beyond $1.06/gap over to force those stopped out today to have to chase.