2a. Daily, although it broke through resistance, since then price has steadily retraced.
2b. The and did not touch the bottom of the zone, or the 150 , this is also a .5 Fib retracement level
With the lower highs and lower lows and %R below -80, looks like price will test the again before any long opportunity
Staying out of a trade is also a good strategy if you do not get confirmation.