Broken down instead of going up on break

Horrible PA as it broke down even after there was a break to the upside. There's no real explanation that i can come up with. Other than bears trying or perhaps there is some liquidity due to some speculators waiting for news on Wed/Thurs.

In any case my original targets have to be scrapped. I am looking at this rectange as a range and will have to wait until it breaks this box.