longs could be taken on test of lower area reversal or first close after test with close stops below lower but would be best to wait for break out confirmation out of pattern.
Or short on downside break or back test. Aggressive shorts at retest of upper trendlne with easy stop low risk position with stops on break out above upper . Pattern is not highly reliable so Id be ready for move either way if wanted a swing trade. I would position short trade at upper if possible.
Upside break out would lead to Test of 1rst resistance line around 9500 and then target of $10200
Downside break down Target 7100 with probable S1 a near 7700
Although normally a , the candle pattern, and price action and reversals at upper point to downside break
Target met and now has formed into a rising wedge. Momentum trying to go vertical that could push it to upper MA of 11000 range. A downside break of wedge would lead to retest of 9500 and then 9300 areas.