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Copper's bullish breakout is starting to materialize

Last time I assessed Copper, it was at a falling channel resistance. From the daily, you can still say that it is trading at the channel resistance. I was anticipating copper to make a bearish swing from here, but I have since changed my mind after looking at the recent price action.

Copper Daily Chart 7/21

(click to enlarge)

Daily chart was bearish:
The daily chart also shows that the market was bearish entering 2016.
We did see some bottoming, but the mode has shifted to sideways because it is premature to say it is bullish.
However, if price breaks the channel resistance, we can anticipate a bullish reversal attempt towards the 2.44-2.50 area.
Let's look at the 4H chart.

Copper 4H Chart 7/21

(click to enlarge)

Consolidation structure is bullish:
We see price consolidating as it tests the falling channel resistance.
Price is holding above the 200-, 100-, and 50-period simple moving averages (SMAs), so we can say that Copper is bullish in the 4H chart.
The pattern of consolidation created what looks like an inverted head and shoulder pattern.
When we see this within a bullish swing like in this case, we should anticipate bullish bias.
Also note that the 4H RSI is holding above 40 after it pushed above 70. This shows maintenance of the prevailing bullish momentum.
Therefore, the resistance around 2.27 looks vulnerable.
A break below 2.22 on the other hand would take away the bullish bias and a break below 2.20 would open up the bearish outlook.