$MTL is showing a possible trend shift after a clean break above the long standing downtrend line.

Price pushed through the trendline with strength and now it’s pulling back to retest that same level. This is usually where real direction gets decided. If price holds above the old trendline, it confirms that previous resistance is turning into new support.

I’m watching this zone closely. A strong bullish reaction from here would support the case for a new uptrend and higher continuation. Buyers stepping in on the retest would show confidence and acceptance above the structure.

If price fails to hold this level and slips back below the trendline, then this move turns into a false breakout. In that case, downside continuation stays on the table and the larger downtrend remains intact..

This retest is the key moment. Reaction here will tell the full story.