We recently caught a bullish breakout in Aurinia Pharmaceuticals $AUPH. As price retreats, let's assess the potential buy the dip scenario.AUPH Daily Chart(click to enlarge)Pullback:- On the daily chart, we can see that price broke above a triangle consolidation, and is now retreating.- If the pullback extends further, we should anticipate support at or just above $5.50. - We should also anticipate the RSI holding above 40, maybe even 50. - These are all expectations based on an assumption that the market has turned bullish.- If price does indeed hold above $5.50, AUPH could be in a bullish slingshot, where price breaks above the cluster of moving averages, and then treats them as support. This is often a strong bullish signal.- So, let's monitor the $5.50-$5.70 area as price pulls back.- A break below $5.50 would dampen the bullish outlook, and a break below $5.00 open up a bearish outlook.